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What we don’t know about economic climate change impacts / Maximilian Auffhammer, Energy Institute at Haas, 21/07/2014http://energyathaas.wordpress.com/2014/07/21/what-we-dont-know-about-economic-climate-change-impacts/A relatively recent econometric literature examines the impact of weather/climate on a variety of outcomes of economic interest. In order to provide an estimate of a climate impact you need two things: An estimate of how a sector responds to a change in weather/climate and projections of future climate. The latter comes out of Global Climate Models with global coverage. The response functions, however, are increasingly provided by econometric studies. These studies are based on statistical models explaining variation in observed outcomes (e.g. crime rates, mortality, electricity consumption) as a function of weather, while carefully accounting for the impact of other confounding factors...