| Synopsis: |
Sensitivity studies with the NEMS macroeconomic model are described relative to a perceived lack of sensitivity in climate change and energy security scenarios that depart from business as usual in terms of energy prices. Identified issues include an assumed independence from energy prices for certain exogenous driver variables. A practical scheme for systematic sensitivity studies is described, based upon how the Global Insight macroeconomic model is integrated as an external EVIEWS program in NEMS.
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