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finanzielle Stabilität im Sinne ihrer Mandate im Blickpunkt. Denn einerseits birgt der Klimawandel erhebliche Risiken für …
Persistent link: https://www.econbiz.de/10012154795
effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically, the link between carbon dioxide emission and the frequency of climate related disaster …
Persistent link: https://www.econbiz.de/10012265443
country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly …
Persistent link: https://www.econbiz.de/10012671834
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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/10012240346
Using a stress test framework, this paper examines what impact climate policy shocks might have on the Korean financial system. The results show that transition risks, the risks associated with low-carbon transition plans, have a negative impact on the economy and on the financial system over...
Persistent link: https://www.econbiz.de/10014239235
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We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two alternative approaches: the narrative approach and Structural Vector-Autoregressive model (SVAR). We propose a new methodology for identifying exogenous and unexpected fiscal...
Persistent link: https://www.econbiz.de/10013100013