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

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

strategic incentives for either government or regulated entities. Consideration of both exogenous risk (uncontrollable) and … endogenous risk (concerns about policy credibility) suggests that permits should be auctioned several years in advance of use … all risk to be pooled and managed as efficiently as possible within the private sector. For endogenous risk, it creates a …

; (iii) a novel set of climate-specific models to capture the direct and indirect transmission channels of climate risk …

increasingly loud calls for regulators to adjust the “risk-weights” used to calculate banks’ minimum capital requirements based on …-related risks, and that any risk-weights that are not grounded in such data impermissibly deviate from risk-weights’ intended … the nature and function of risk-weights. Risk-weights are unavoidably discretionary policy instruments. They cannot simply …