The 7th Annual Research Conference on Macroeconomic and Financial Aspects of Climate Change, organized by Banco de España, is focused on the implications of climate change for the conduct of monetary policy, financial regulation, financial aspects of the green transition, and the macroeconomy in general. You can see the programme in this link 
(120 KB).
Our conference will be continued by a conference organized in Universidad Carlos III de Madrid on 15 November, focused on the same issue, in cooperation with the European Economic Review. You can find the programme here (718 KB).
Information
14 November 2024
Agenda ( 120 KB )
Speakers
14 November
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- 09:15h - 09:30h
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Welcome address
José Luis Escrivá
(7 MB) (Governor, Banco de España)
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- 09:30h - 10:30h
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FINANCE
Chair: Carlos Thomas (Banco de España)
Green Stocks and Monetary Policy Shocks
Glenn Rudebusch
(201 KB) (Brookings Institution, CEPR, and New York University), Michael D. Bauer, Eric A. OffnerDiscussant: Ricardo Gimeno
(1 MB)o (Banco de España)
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- 10:30h - 11:00h
- Coffee break
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- 11:00h - 13:00h
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Chair: Òscar Jordà (Federal Reserve Bank of San Francisco)
The New Keynesian Climate model
Jean-Guillaume Sahuc, Frank Smets, Gauthier Vermandel
(820 KB) (École Polytechnique Paris)Discussant: Nicoletta Batini
(4 MB) (Riksbank)A Greenwashing Index
Elise Gourier
(2 MB) (ESSEC Business School), Hélène MathurinDiscussant: Ghassane Benmir
(208 KB) (IE University)
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- 13:00h - 14:00h
- Lunch break
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- 14:00h - 16:00h
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MACRO & MONETARY POLICY session – part 1
Chair: Evi Pappa (Universidad Carlos III)
Climate Policy in the Wide World
John Hassler
(2 MB) (IIES Stockholm University)Discussant: Fernanda Nechio
(972 KB) (Federal Reserve Bank of San Francisco)Consumer durables in the green transition
Alexander Dietrich, Lukas Leitenbacher and Gernot Mueller
(386 KB) (Univ.Tübingen)Discussant: Tatjana Dahlhaus
(176 KB) (Bank of Canada)
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- 16:00h - 16:30h
- Coffee break
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- 16:30h - 18:30h
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MACRO & MONETARY POLICY session – part 2
Chair: Eva Ortega (Banco de España)
Is the Green Transition Inflationary?
Kershav Dogra, Julian di Giovanni and Marco del Negro
(483 KB) (New York Fed)Discussant: Conny Olovsson
(674 KB) (Sveriges Riksbank)The Long-Run Macroeconomic Effects of Climate Policy on Household Emissions
Stephie Fried
(408 KB) (San Francisco Fed), David Lagakos and Hannah RhodenhiserDiscussant: Myroslav Pidkuyko
(103 KB) (Banco de España)
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- 18:30h - 18:30h
- End of conference