Past Events

Climate Change & Macroeconomics: New Perspectives on Climate Economics

November 10, 2021
Climate Change & Macroeconomics: New Perspectives on Climate Economics Koji Yamada

This workshop discussed the current macroeconomic and climate challenges, suggesting new research and policy agenda in economics. It featured research conducted by NSSR graduate students and alumni and a presentation by Prof. Markus Brunnermeier (Princeton University) on his new book, The Resilient Society (Endeavor Literary Press, 2021). 

SCEPA thanks the Thyssen Foundation for its continued support of the Economics of Climate Change project.

Date: November 13, 2021


Session 1 
Moderator: Jose Pedro Bastos Neves

Welcome Remarks – Prof. Mark Setterfield and Prof. Willi Semmler 

1. Gabriel Padró Rosario: The Economic Cost of a Hurricane: A case study of Puerto Rico and Hurricane Georges 1998 using Synthetic Control Method

2. Julia M. Puaschunder: The Multiple Dimensions of Climate Justice - with a focus on climate justice across countries

3. Ettore Gallo: Green Goodwin: reduction of CO2 emissions, climate damage and the persistence of business cycles.

4. Michael Flaherty: Balancing Adaptation with Mitigation: incorporating shorter-term loss reduction with longer-term sustainability objectives

5. Tato Khundadze: Regime switching in Consumption Behavior

6. Joao Paulo Braga: Greener Financial Portfolios and Economic Policy

7. Andreas Lichtenberger: Green Bonds for the Transition to a Low Carbon Economy

Session 2 
Moderator: Joao Paulo Braga

1. Damien Parker: Did the QE Monetary Policy Contribute to Inequality in Wealth Distribution?

2. Oriol Codina: Assessing the Speed of the Green Transition with the Flaschel-Semmler model of Multi-Sector Growth

3. Jose Pedro Bastos Neves: Carbon Wealth Tax: a Proposal

4. Amit Roy: Green Monetary Policy to Combat Climate Change: Theory & Empirics

5. Behnaz Minooei Fard: Limit Pricing and Entry Game of renewable energy firms into the energy sector.

6. Hanin Khawaja: Crypto(currency?) as Legal Tender and the Digitalization of Currency System


Book Presentation: Markus Brunnermeier (Princeton): Resilient Society  
Moderator:  Prof. Willi Semmler (NSSR)

Can a resilient society bounce back from shocks, such as economic and financial crises, pandemics meltdown and climate disasters? Lacking resilience, can society reach tipping points from which they are unlikely to recover, possibly ending up in economic and social traps? 

 Proefssor Semmler's remarks can be found here