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.
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.
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.