New working paper! Derek Lemoine, Catie Hausman, and I have written a review of the economics literature studying damages from climate change. The heart of the review is an argument that, to estimate climate change damages, any single method faces a trilemma. We’d all like to study climate change, which is persistent, widespread, and anticipated. But to do so, papers must trade off quasi-experimental identification, robustness to economic model structure, or fully capturing all of the features of climate change. Rather than cause for despair, though, we view this trilemma as meaning we should embrace the strengths of multiple, different empirical approaches to understanding the economics of climate change. I learned a ton from writing the paper, and I’ll share some highlights in the coming weeks!