New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy
The Rimini Centre for Economic Analysis-Europe (RCEA-Europe) at DEMS-UNIMIB, the Centre for Econometric Analysis of the Bayes Business School, the European Central Bank, the Bank of England, the European Institute at the LSE, and the Center for European Studies at DEMS-UNIMIB, invite submissions for The Second International Conference on the Climate-Macro-Finance Interface: "New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy”.
The macro-financial implications of unabated climate change and environmental degradation rightly trigger diverse responses by policymakers, academics, firms, and the public. The conference aims to bring together expertise concerning, amongst others, environmental stress tests for banks and financial institutions, in-depth studies of financial markets pricing of transition and physical risks, the study of monetary and fiscal policy strategies to foster and fund the green transition, scenario analyses to evaluate the impact on economic activity of a changing environmental context, and econometric tools for the measurement and forecasting of changing climatic conditions and risk.
While some progress has been made in studying the climate-macro-finance interface, more theoretical and empirical modeling developments are needed to account for nonlinearities, cumulative causations, and amplifying mechanisms. Much more is left to do regarding the understanding of the emerging biodiversity risk and structural changes concerning the various sectors responsible for greenhouse gas (GHG) emissions and environmental degradation.