CEPR/EBRD/ECB Symposium on “Climate change, finance and green growth”
Monday, 14 and Tuesday, 15 June 2021
Video conference (by invitation only)
This symposium will feature state-of-the-art academic research on the interaction between financial markets and the green transition. Individual papers will address various issues relating to climate risk, climate policies, adaptation and sustainable development. The symposium underlines the ECB’s increasing commitment to better understanding the consequences of climate change for output and inflation and to exploring the role that central banks can play in transitioning to a low-carbon economy.
Programme
Times are Central European Time (UTC+1)
* indicates the presenter
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Session 1 - Climate risk and sustainable development
Session chair: Luc Laeven, European Central Bank
- 15:00
Welcome address: From market neutrality to market efficiency
Isabel Schnabel, Member of the Executive Board, European Central Bank
- 15:15
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Sustainable investing in equilibrium
- Lubos Pastor, University of Chicago
- Robert Stambaugh, University of Pennsylvania
- Lucian Taylor*, University of Pennsylvania
Discussant: Eugenie Dugoua, London School of Economics
- 16:00
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Pricing Poseidon: Extreme weather uncertainty and firm return dynamics
- Mathias Kruttli, Federal Reserve Board
- Brigitte Roth Tran, Federal Reserve Board
- Sumudu Watugala*, Cornell University
Discussant: Zacharias Sautner, Frankfurt School of Finance & Management
- 16:45
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Moderated discussion
Climate change, climate policies and sustainable growth- Diana Urge-Vorsatz, Central European University and Intergovernmental Panel on Climate Change
- Michael Spence, Stanford University
Moderator: Martin Sandbu, Financial Times
- 18:00
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End of day one
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Session 2 - Climate change adaptation and policies
Session chair: Beata Javorcik, European Bank for Reconstruction and Development
- 15:00
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On the effectiveness of climate policies
- John Hassler, Institute for International Economic Studies, Stockholm University
- Per Krussell, Institute for International Economic Studies, Stockholm University
- Conny Olovsson*, Sveriges Riksbank
- Michael Reiter, Institute for Advanced Studies (IHS), Vienna
Discussant: Emanuel Moench, Deutsche Bundesbank
- 15:45
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Real effects of climate policy: Financial constraints and spillovers
- Sohnke Bartram*, University of Warwick and CEPR
- Kewei Hou, Ohio State University
- Sehoon Kim, University of Florida
Discussant: Steven Ongena, University of Zurich
- 16:30
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The macro effects of climate policy uncertainty
Stephie Fried, Arizona State University
Discussant: Lena Boneva, European Central Bank
- 17:15
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Climate change and adaptation in global supply-chain networks
- Nora Pankratz, Maastricht University
- Christoph Schiller*, Arizona State University
Discussant: Michael Koetter, Halle Institute for Economic Research (IWH)
- 18:00
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End of the symposium
This programme may be subject to change without notice.
All sessions will be recorded.
| Conference language | English |
|---|---|
| Organising committee |
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| Contacts |
Alexander Popov +49 171 3392459 [email protected] |