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Faraway, So Close : Coupled Climate and Economic Dynamics in an Agent-Based Integrated Assessment Model

Lamperti, Francesco - 2017

In this paper we develop the first agent-based integrated assessment model, which offers an alternative to standard, computable general-equilibrium frameworks. The Dystopian Schumpeter meeting Keynes (DSK) model is composed of heterogeneous firms belonging to capital-good, consumption-good and...

Persistent link: https://www.econbiz.de/10012959693

And then he wasn't a she: Climate change and green transitions in an agent-based integrated assessment model

Lamperti, Francesco; Dosi, Giovanni; Napoletano, Mauro; … - 2018

In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking...

Persistent link: https://www.econbiz.de/10012060630

Natural disaster risk and the distributional dynamics of damages

Coronese, Matteo; Lamperti, Francesco; Chiaromonte, … - 2018

Literature on climate change and extreme events has found conflicting and often weak results on the evolution of economic damages related to natural disasters, although climate change is likely to bring about an increase in their magnitude (Van Aalst, 2006; IPCC, 2007, 2012). These studies usually...

Persistent link: https://www.econbiz.de/10012060638

Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

D'Orazio, Paola; Popoyan, Lilit - 2018

While there is a growing debate among researchers and practitioners on the possible role of central banks and financial regulators in supporting a smooth transition to a low-carbon economy, the information on which macroprudential instruments could be used for reaching the "green structural...

Persistent link: https://www.econbiz.de/10012060651

In search of lost time: An ensemble of policies to restore fiscal progressivity and address the climate challenge

Guzzardi, Demetrio; Palagi, Elisa; Faccio, Tommaso; … - 2023

a widespread fiscal regressivity in many EU countries. Indeed, recent empirical evidence shows that the tax systems of … many EU members are characterized by low degrees of progressivity, with high-income groups paying lower effective tax rates … at the EU level grounded on the recent proposals advanced in the literature. This fiscal reform includes a wealth tax …

Persistent link: https://www.econbiz.de/10014541719

Opinion dynamics meet agent-based climate economics: An integrated analysis of carbon taxation

Lackner, Teresa; Fierro, Luca E.; Mellacher, Patrick - 2024

climate change, industry-led (mis-)information and social influence. We examine 133 policy pathways in the EU, integrating …

Persistent link: https://www.econbiz.de/10014541750

The DSK-SFC stock-flow consistent agent-based integrated assessment model

Reissl, Severin; Fierro, Luca E.; Lamperti, Francesco; … - 2024

We present an updated, stock-flow consistent version of the 'Dystopian Schumpeter meeting Keynes' agent-based integrated assessment model. By embedding the model in a fully specified accounting system, all balance sheet items and financial flows can be explicitly and consistently tracked...

Persistent link: https://www.econbiz.de/10014541755

Raided by the storm: How three decades of thunderstorms shaped U.S. incomes and wages

Coronese, Matteo; Crippa, Federico; Lamperti, Francesco; … - 2023

Climate change is increasingly affecting the macroeconomic performance of countries and regions. However, the effects on income inequality are less understood. We estimate the dynamic impact of thunderstorms on income and wages and reveal a robust asymmetric effect. We leverage a comprehensive...

Persistent link: https://www.econbiz.de/10014541757

Prevention first vs. cap-and-trade policies in an agent-based integrated assessment model with GHG emissions permits

Popoyan, Lilit; Sapio, Alessandro - 2023

In this work, we ask whether tradable emissions permits, based on the cap-and-trade principle, provide better climate change and economic projections than alternative regulations for GHG emissions, such as operational permits which are commonly used to mitigate non-GHG emissions (prevention...

Persistent link: https://www.econbiz.de/10014541781

Taking up the climate change challenge: A new perspective on central banking

D'Orazio, Paola; Popoyan, Lilit - 2020

The awareness about climate-related financial risks is gaining momentum both in the policy and academic debates. The role of countries' institutional dimension and central bank governance structures in the adoption of green prudential regulation is, however, overlooked in the current discussion....

Persistent link: https://www.econbiz.de/10012389335