13
DEZ
2021
14:15
- 15:45
IWH Research Seminar
Virtual Lecture: Climate Policy, Financial Frictions, and Transition Risk
Wer
Garth Heutel
(Georgia State University)
Wo
via Zoom
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.
