the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as temperature …

perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow … for different aversion to risk and intertemporal fluctuations, skewness and dynamics in the risk distributions of climate …

analyze the effect of risk aversion, ambiguity aversion and the elasticity of intertemporal substitution on the willingness to … pay to avoid climate change risk. The first part of the paper analyzes a general disaster (jump) risk model with a … constant arrival rate of disasters. This provides useful intuition in how preferences influence valuation of long-term risk …

, while houses exposed to climate risk face a price discount in the market, I demonstrate that the materialization of climate … change risk puts upward pressure on house prices, as the supply of such houses becomes reduced. This general equilibrium …

We assess whether climate transition risk is priced in Europe's equity market by analysing relative equity returns of … effect models, however, provide some evidence for increased pricing of climate transition risk after the Paris Agreement. …

We study whether floods can affect financial stability through a credit risk channel. Our focus is on the Netherlands …