Past Events

Macroeconomics in Uncertain Times: Financial Crashes, Climate Disasters, and More

October 18, 2018


Professor Willi Semmler, director of SCEPA’s Economics of Climate Change project, will host an all-day seminar series discussing financial crashes and climate disasters.

10:00 AM - 4:00 PM
October 20, 2018
The New School
6 E 16th Street, Room D1009
Albert and Vera List Academic Center
New York, NY 10003

If you are unable to join the seminar series in person, you can join the live webex meeting here (Meeting number: 640 223 427).

The schedule for the series is as follows:

Check in (9:30 - 10:00 AM)

Opening and Introduction (10:00 AM - 10:15 AM)

Session A: Financial markets, wealth distribution, and instability (10:15 AM - 11:30 AM)

  1. Oil Prices and Banking Instability: A Jump-Diffusion Model and Empirics 
    Presented by Samar Issa, The New School and Willi Semmler
  2. Estimating Bi-Modality and Inflection in Wealth Disparity 
    Presented by Damien Parker, The New School
  3. Restricted Portfolio Management: The Case of Islamic Finance
    Presented by Houda Rabah, The New School

Session B: Financial markets and climate change (11:40 AM - 12:55 PM)

  1. Climate Disaster Risk -- Empirics, Model and Financing Policies
    Presented by Alexander Haider, The New School
  2. Feasible Financing Sustainability: A Beta Analysis of Green Bonds
    Presented by Michael Flaherty, The New School

Lunch Break (12:55 PM - 1:25 PM)

Session C: Climate Instability (1:25 PM - 2:40 PM)

  1. Review of Fossil Fuel Divestment as an Investment Strategy
    Presented by Brandt Weathers, The New School

  2. Climate Wealth of Nations
    Presented by Julia M. Puaschunder

  3. Fiscal Mechanisms for a Sustainable Forest Sector
    Presented by Erin Hayde, The New School

Session D: International Financial Markets and Instability (2:45 PM - 4:00 PM)

  1. Financial Stress of the Emerging Markets and its Interactions with Other Macroeconomic Indicators
    Presented by Xingxing Yang, The New School

  2. Overleveraging by Developed Market Banks and the Feedback Effects on Developed and Emerging Market Economies
    Presented by Carl Jensen, The New School

  3. Exchange rate targeting and gold demand by central banks: modeling international reserves composition
    Presented by Aleksandr V. Gevorkyan, St. John’s University and Tarron Khemraj, New College of Florida

For questions, contact this event's organizer, Aleksandr V. Gevorkyan, Ph.D., St. John’s University, at This email address is being protected from spambots. You need JavaScript enabled to view it..