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Modeling the Economy, Energy, and the Environment with LIFT

Dr. Jeffrey F. Werling, Department of Economics; Executive Director of INFORUM, University of Maryland
When Mar 01, 2012
from 03:30 PM to 05:00 PM
Where 1124 LeFrak Hall
Contact Name
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Various policy initiatives have been drafted with the goal of putting a system in place for reducing U.S. dependence on energy and, thus, its carbon emissions.

Inforum is dedicated to improving business planning, government policy analysis, and the general understanding of the economic environment. Its flagship model, LIFT (Long-term Interindustry Forecasting Tool), is a 97-sector general equilibrium representation of the U.S. national economy that employs a "bottom-up" approach to macroeconomic modeling. The LIFT Model has been used for several recent studies to show the interaction between the economy, energy use and environmental consequences (E-3). Dr. Werling’s presentation will provide an overview of LIFT and give some examples of these applications.


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