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Financial markets and green innovation
Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022
Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...
Persistent link: https://www.econbiz.de/10013285966
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Carbon taxes and the geography of fossil lending
Laeven, Luc; Popov, Alexander - 2022
Using data on syndicated loans, we find that the introduction of a carbon tax is associated with an increase in domestic banks' lending to coal, oil, and gas companies in foreign countries. This effect is particularly pronounced for banks with large prior fossil-lending exposures, suggesting a...
Persistent link: https://www.econbiz.de/10013488620
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U.S. Monetary Shocks and Global Stock Prices
Laeven, Luc; Tong, Hui - International Monetary Fund (IMF) - 2010
This paper studies how U.S. monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for...
Persistent link: https://www.econbiz.de/10008777010
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Financial markets and green innovation
Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022
Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...
Persistent link: https://www.econbiz.de/10014278447
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Financial Markets and Green Innovation
Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022
Fulfilling the commitments embedded in the Paris Agreement requires a climate-technologyrevolution. Patented innovation of low-carbon technologies is lower in the EU than in selectedpeers, and very heterogeneous across member states. We motivate this fact with anendogenous model of directed...
Persistent link: https://www.econbiz.de/10013404039
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Carbon taxes and the geography of fossil lending
Laeven, Luc; Popov, Alexander - 2021
Persistent link: https://www.econbiz.de/10012796796
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Monetary policy, macroprudential policy and financial stability
Laeven, Luc; Maddaloni, Angela; Mendicino, Caterina - 2022
Recent research developed under the ECB research task force on Monetary Policy, Macroprudential Policy and Financial Stability highlights the existence of trade-offs and spillovers that monetary policy and macroprudential authorities face when deciding on their policy interventions, Monetary...
Persistent link: https://www.econbiz.de/10012822172
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Monetary Policy, Macroprudential Policy and Financial Stability
Laeven, Luc; Maddaloni, Angela; Mendicino, Caterina - 2022
Recent research developed under the ECB research task force on Monetary Policy, Macroprudential Policy and Financial Stability highlights the existence of trade-offs and spillovers that monetary policy and macroprudential authorities face when deciding on their policy interventions. Monetary...
Persistent link: https://www.econbiz.de/10013299245
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Finance, Firm Size, and Growth
Demirguc-Kunt, Asli; Laeven, Luc; Levine, Ross; Beck, … - National Bureau of Economic Research (NBER) - 2004
This paper examines whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …
Persistent link: https://www.econbiz.de/10005084876
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Finance, Firm Size and Growth
Beck, Thorsten - 2005
This paper examines whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …
Persistent link: https://www.econbiz.de/10012737168