Reading Guides
These guides are short summaries of the backbone papers from the second half of the course. They are written for students who have had intermediate microeconomics but only limited econometrics. The goal is not to replace the papers. The goal is to help you read them with a clear sense of the question, the strategy, the main result, and why the paper matters for class.
I focus on the core research papers from Lecture 11 onward and skip the podcast, web primers, and short background pieces. Each guide is intentionally short enough to be read before class.
Lecture 11: Climate risk and financial instruments
- Giglio, Maggiori, and Stroebel (2015): Very Long-Run Discount Rates
- Schlenker and Taylor (2021): Market Expectations of a Warming Climate
- Painter (2020): An Inconvenient Cost
Lecture 12: The environment and real estate markets
- Greenstone and Gallagher (2008): Does Hazardous Waste Matter?
- Bernstein, Gustafson, and Lewis (2019): Disaster on the Horizon