This paper proposes an analytical framework to quantify the impacts of climate policy and
transition narratives on economic and financial variables necessary for financial risk …

A disorderly transition to a low-carbon economy may pose significant costs for both financial
and nonfinancial firms through the stranding of physical assets, firms' defaults, and volatility …

In a dynamic, three-region environmental multi-sector general equilibrium model, we find
that carbon pricing generates a long-lasting downturn as production costs rise. Dirty …

This paper builds on existing production network models to study the impact of global and
sub-global carbon pricing. It uses the World Input-Output Database (WIOD) to calibrate …

In this paper, we introduce an environmental multi-sector dynamic general equilibrium
model to analyze the effects of financing a labor tax reduction through higher consumption …

The macro-financial transition risks that result from disorderly transitions to a carbon-free or
low-carbon economy may entail significant costs due to the risk of stranded assets, defaults …

We quantify the importance of emission disclosure for climate policies in a DSGE model for
the euro area. A low-carbon energy and a fossil energy sector contribute to production and …

In a dynamic, three-region environmental multi-sector general equilibrium model (called
EMuSe), we find that carbon pricing generates a recession initially as production costs rise …

This paper uses a multisector, multiregional general equilibrium input-output model to study
the spillovers of global carbon pricing to Germany and Europe. It uses the World Input …

This research seeks to identify non-financial enterprises exposed to the climate risk relating
to transition risks and at the same time use of bank loans, as well as to conduct stress tests …