The Emerging Age of Data-Driven Policy Design
summary
Uses econometric reconstruction of 6,000 hurricanes since 1950 merged with household surveys to show storm intensity reduces durable assets (walls, fridges, TVs), cuts spending on nutritious food, and leaves a 20-year macroeconomic signal that implies about a $1 trillion overlooked cost. Analyzes El Niño-driven shocks across scales down to Tanzanian villages and finds a doubled civil-conflict risk in affected regions. Presents methods for causal inference and documents that evidence is already cited in U.S. policy budgets.
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chapters (6)
- 0:00The role of data in policy
- 1:11Historical climate challenges
- 2:13Economic impacts of storms
- 4:23Macroeconomic consequences
- 5:08Climate change and conflict
- 6:31Data-driven climate action
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