2021-03 PAER

March 4, 2021

With the U.S. re-entering the Paris Agreement on Climate, Purdue researchers, Maksym Chepeliev and Dominique van der Mensbrugghe, consider the economic consequences for the US economy. Their findings show economic costs can be moderated (and inequality reduced) under a cooperative approach to meeting carbon reduction targets. A link to the full article is below.

Articles in this Publication:

U.S. Climate Policy Revisited: Macroeconomic and Distributional Impacts of the Paris Agreement

Authors: Maksym Chepeliev, Research Economist; and Dominique van der Mensbrugghe, Director and Research Professor

Download Full Report (PDF)

Go Back to PAER Main Page

Latest Articles:

The July 2026 CPI and PPI Reports: The Energy Shock Bypasses the Food Pipeline

August 20, 2026

Energy prices are 14.7 percent above year-ago levels, and yet the raw agricultural commodities that sit at the head of the food pipeline are cheaper than they were last July. That combination is the whole story of this month’s release — but it is not evidence that the energy shock missed agriculture.

Indiana’s Farmland Market Holds Steady as Regions Swap Places

August 17, 2026

In sum, state-level aggregate farmland prices exhibited relatively modest changes from 2025 to 2026. Respondents suggest that the majority of market forces are placing downward pressure on farmland prices, so it is not surprising that they expect modest declines through the remainder of 2026.

Trends in Farmland Price to Rent Ratios in Indiana (2026)

August 17, 2026

This paper computes a ratio equivalent to the P/E ratio for farmland, the farmland price-to-cash-rent ratio (P/rent), and discusses trends in the P/rent ratio.

Visit Purdue Ag Econ

Visit PAER Main Page