13
14:15 - 15:45
IWH Research Seminar
DEC
2021
14:15 - 15:45
Virtual Lecture: Climate Policy, Financial Frictions, and Transition Risk
We study climate and macroprudential policies in an economy with financial frictions. Using a dynamic stochastic general equilibrium model featuring both a pollution market failure and a market failure in the financial sector, we explore transition risk – whether ambitious climate policy can lead to macroeconomic instability.
Who
(Georgia State University)