New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy
New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy
Centre for Econometric Analysis, Bayes Business School
16-17 January 2025
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 (2CMFI): "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.
Topics of particular interest for the conference are:
Green transition and challenges: fossil fuels phasing out, sustainable energy, critical minerals, value chain disruptions, deglobalization.
Fiscal, monetary, and macroprudential policies for adaptation and mitigation.
Environmental risk insurance, reinsurance, Catastrophe (CAT)-bonds pricing, and risk distribution regulation.
Sources and impacts of nonlinearities in climate change, biodiversity loss dynamics, and improved environmental stress tests and scenario analysis.
The macro-finance of climatic and biodiversity risks and advances in climate and environmental finance.
Policy challenges from persistent adverse international supply-side developments and early warnings of compound macroeconomic, financial, and geopolitical risk and uncertainty.
Climate econometrics: measuring and forecasting evolving climatic conditions, sources attribution, and risk.
Program Details
Keynote Speakers
Robert Engle (New York University)
Stefano Giglio (Yale University)
David Hendry (University of Oxford)
Marcin Kacperczyk (Imperial College Business School London)
Lucrezia Reichlin (London Business School)
Invited plenary sessions
Two invited plenary policy sessions will be organized by the European Central Bank and the Bank of England.
Venue
The conference is in-person and will be held at Bayes Business School (formerly Cass), 106 Bunhill Row, London EC1Y 8TZ (UK).
Rooms: LG001, 2002, 2003, 2004, 2005, 2006.
Conference Social Event
A Bank of England cocktail reception will be reserved for registered participants hosted at the Bank of England (Threadneedle St., EC2R 8AH, London) on 16 January 2025, from 6:00 pm to 8:00 pm. Make sure to carry your ID or passport, as admission to the Bank of England building will be subject to participants' identity verification.
Late registrations will close soon
Deadlines
Paper submission deadline: 30 October 2024
Notification: 8 November 2024
Registration for contributors: 8-23 November 2024
Late Registration for contributors: 24-30 November 2024
Late Registration for non-contributors ends on 20 December 2024
Registration Fee
Early fee: €250 (standard); €150 (PhD students)
Late fee: €500 (standard); €250 (PhD students)
The registration fee includes the daily catering. No refunds are available.
Organizers
Paul De Grauwe (London School of Economics and Political Science)
Mahmoud Fatouh (Bank of England and Leicester University)
Francesco Paolo Mongelli (European Central Bank and Goethe University Frankfurt) - Co-Chair
Claudio Morana (University of Milano-Bicocca) - Co-Chair
Giovanni Urga (Bayes Business School) - Co-Chair
Local Organizers
Elisabetta Pellini (Bayes Business School)
Giovanni Urga (Bayes Business School)
Scientific Committee
Lucia Alessi (Joint Research Centre - European Commission)
Richard Baillie (Michigan State University and King's College London)
Pierpaolo Benigno (University of Bern)
Nuno Cassola (University of Lisbon)
Jennifer Castle (University of Oxford)
Marcelle Chauvet (University of California-Riverside)
Paul De Grauwe (London School of Economics and Political Science)
Mahmoud Fatouh (Bank of England and Leicester University)
Jesus Gonzalo (University Carlos III of Madrid)
Ana Maria Herrera (University of Kentucky)
Eric Hillebrand (Aarhus University)
Artur Kotlicki (Bank of England)
Michele Lenza (European Central Bank)
Francesco Paolo Mongelli (European Central Bank and Goethe University Frankfurt)
Claudio Morana (University of Milano-Bicocca)
Ioana Neamtu (Bank of England)
Elisa Ossola (University of Milano-Bicocca)
Elisabetta Pellini (Bayes Business School)
Aleksey Popov (European Central Bank)
Livio Stracca (European Central Bank)
Patrizio Tirelli (University of Pavia)
Giovanni Urga (Bayes Business School)
Contact: RCEA
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