13
JAN
2026
14:15
- 15:45
IWH Research Seminar
The New Keynesian Climate Model
Wer
Gauthier Vermandel
(Ecole Polytechnique)
Wo
IWH, conference room
Climate change confronts economies with two inflationary challenges: climateflation, driven by physical climate impacts, and greenflation, arising from mitigation efforts. This paper develops and estimates a nonlinear New Keynesian Climate model that merges the long-term dynamics of Integrated Assessment Models with the business cycle fluctuations captured by DSGE frameworks.
