Insufficient green output can lead to environmental degradation while overinvestment may
result in economic imbalances, social inequalities, and opportunity costs. Thus, sustaining …

The effects of climate change are a source of uncertainty for businesses worldwide. Climate
change has been causing significant and disruptive changes in the socio-ecological …

Environmental economics has traditionally fallen in the domain of microeconomics, but
approaches from macroeconomics have recently been applied to studying environmental …

Since the spread of COVID-19 pandemic all over the world, a significant recession has
broken out with no precedent. China has brought up a new voluntary contribution target that …

This paper studies the economic impacts of carbon pricing. Exploiting institutional features of
the European carbon market and high-frequency data, I document that a tighter carbon …

As the negative repercussions of environmental devastation, such as global warming and
climate change, become more apparent, environmental consciousness is growing across …

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 …

Limiting global warming to well below 2° C may pose threats to macroeconomic and
financial stability. In an estimated Euro Area New Keynesian model with financial frictions …

Since the parties to Paris agreement ink ambitious emissions reduction targets, there is a
growing debate–whether the existing environmental regulations have potential to spur …

We study the transmission mechanism of a Green QE, defined as a policy that tilts the central
bank's balance sheet toward green bonds, that is bonds issued by non-polluting firms. We …