Wealth distribution and climate risks are two great challenges of our time. This paper proposes a new type of tax to correct wealth distribution and help finance (and accelerate) the green transition.

BOOK | This book explores the myriad challenges of climate change and in reaching a low-carbon economy. It develops a framework for dynamic macroeconomic modeling for the climate-economy interaction, presents empirical trends in carbon-emitting resource use, and discusses policy strategies for sustainable growth under global climate change constraints.

ARTICLE |  Over the last few years, economists have focused on the long-run effects of persistent shocks on economic output. 

ARTICLE | Recent controversies over the impact of an energy embargo on Russia triggered by Russia’s war in Ukraine have focused on reducing dependence on fossil fuels and reorganizing energy supplies.

ARTICLE | This paper models economic output jointly with health outcomes as they pertain to the COVID pandemic, finding that a continuously varying control (i.e. the lockdown intensity) fares better than sporadically taken discrete-time decisions with lockdown intensity staying constant over some time intervals.

ARTICLE | This paper proposes a new type of tax to help finance (and accelerate) the green transition.

ARTICLE | The economy-climate interaction and an appropriate mitigation policy for climate protection have been treated in various types of scientific modeling. 

ARTICLE | This paper highlights the role of credit performance in shaping economic performance and sheds new light on both the Brazilian boom in the 2000s and the economic contraction since 2015. Its results suggest that an active stance on public credit would have been instrumental in speeding up the economic recovery.

WORLD BANK REPORT | The World Bank published a reportauthored by a team of New School economists that investigates fiscal policies to help us move from a high-carbon economy to a low-carbon economy while minimizing financial instability.

ARTICLE | SCEPA economists published research in an influential academic journal on the Keynesian multiplier, a hotly debated issue in progressive economics on the efficacy of fiscal policy and deficit spending in a recession.

ARTICLE | From SCEPA economists studying the economic impacts of climate change and mitigation policies show green bonds have great potential to help countries across the world increase environmental investments and reach emission targets.

ARTICLE | A recent article from Intereconomics, co-authored by Willi Semmler, director of SCEPA’s Economics of Climate Change project, argues that as governments struggle to regain economic strength amid the coronavirus pandemic, reconstruction programs must initiate the great green transition.

ARTICLE | The Journal Makronom, based in Germany, recently published a piececo-authored by Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, on COVID-19 and climate change.

ARTICLE | Germany’s Die Zeit, one of Germany’s most influential newspapers, featured the work of Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, on climate policy and strategy.

ARTICLE | Adding green bonds to current carbon taxes is the most effective strategy to achieve global environmental goals, according to research by SCEPA economist Willi Semmler and economists at the Economics Research Institute in Berlin (DIW).

WORKING PAPER | SCEPA economists published a World Bank working paper arguing that both the carbon tax and green bonds are needed to mitigate climate change while sharing the cost across generations.

IMF WORKING PAPER | Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, co-authored an IMF Working Paper modeling how climate disasters affect population segments, infrastructure, housing, and private capital, possibly leading to poverty traps.

UN REPORT | Tackling climate change requires transitioning to a green, sustainable economy. But will green transformations that lesson our negative environmental impacts also create high-quality jobs?

PRESENTATION | Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, gave a presentation in Sorbonne, Paris, as part of the Financial Regulation Lab (LabEx ReFi).  

WORKING PAPER | This working paper sheds light on the various theories which attempt to explain the relationship between economic growth and climate change.