Climate Change
Climate Economics
A Win for Green Bonds in New York
Willi Semmler, a SCEPA Senior Fellow and NSSR Professor of Economics, has for many years argued that green bonds are a powerful tool for financing the transition to a low-carbon economy. That policy proposal is getting attention — New York state recently overwhelmingly approved a $4.2 ballot measure called the Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022.
Sustainable Macroeconomics, Climate Risks, and Energy Transitions
Book | This book explores the myriad challenges of climate change and in reaching a low-carbon economy. It develops a framework for dynamic macroeconomic modeling for the climate-economy interaction, presents empirical trends in carbon-emitting resource use, and discusses policy strategies for sustainable growth under global climate change constraints.
Sustainability
The Real Driver of Rising Inequality
Policies to Reverse Inequality
Resource Library
Sustainable Macroeconomics, Climate Risks, and Energy Transitions
Book | This book explores the myriad challenges of climate change and in reaching a low-carbon economy. It develops a framework for dynamic macroeconomic modeling for the climate-economy interaction, presents empirical trends in carbon-emitting resource use, and discusses policy strategies for sustainable growth under global climate change constraints.
Pandemic Meltdown and Economic Recovery – a Multi-phase Dynamic Model, Empirics, and Policy
Paper | Macroeconomic studies involving the spread of an infectious disease hardly existed before the outbreak of the Corona virus pandemic meltdown in 2020. This paper models pandemic and economic developments as well as respective control policies in a multi-phase set-up, with a view to developing an integrated and comprehensive framework.
Long-run Scarring Effects of Meltdowns in a Small-scale Nonlinear Quadratic Model
Paper | Over the last few years, economists have focused on the long-run effects of persistent shocks on economic output. In this paper, we use a small-scale macroeconomic model to show how the macroeconomy adjusts to a deep contraction and how credit dynamics, along with the monetary policy design, may influence the extent of these scars through numerical simulations.
