- The impact of natural disasters or disaster mitigation attempts on economic output, financial stability, credit access, etc.;
- The impact of climate migration on economic output, household welfare, and consumption;
- The effects of green pledges on bank lending and aggregate economic output;
- The inflationary or macroeconomic effects of different carbon emission-mitigation techniques;
- The impact of biodiversity collapse on welfare and economic output;
- The pricing of climate risks across different asset classes;
- The importance of insurance markets in hedging climate related risks.
watch the event
See the agenda for timing of specific conference segments.
Event Details
Date & Time
May 31, 2024
8:30am-5:45pm
May 31, 2024
8:30am-5:45pm
Location
Federal Reserve Bank of New York
13th Floor, Room 13-36
33 Liberty Street
New York, NY
Federal Reserve Bank of New York
13th Floor, Room 13-36
33 Liberty Street
New York, NY
Audience
This event is in-person, and attendance is by invitation only. It is open to academics and other researchers in the fields of economics and finance.
This event is in-person, and attendance is by invitation only. It is open to academics and other researchers in the fields of economics and finance.
Media
This event is open to media and all remarks are on the record. The event will be recorded, with the recording to be made available afterward. Media who wish to attend or have questions should contact Mariah Measey at Mariah.Measey@ny.frb.org.
This event is open to media and all remarks are on the record. The event will be recorded, with the recording to be made available afterward. Media who wish to attend or have questions should contact Mariah Measey at Mariah.Measey@ny.frb.org.
Conference Organizers
Kristian Blickle, Federal Reserve Bank of New York
Julian Di Giovanni, Federal Reserve Bank of New York
Joao Santos, Federal Reserve Bank of New York
Johannes Stroebel, NYU, Stern School of Business
Kristian Blickle, Federal Reserve Bank of New York
Julian Di Giovanni, Federal Reserve Bank of New York
Joao Santos, Federal Reserve Bank of New York
Johannes Stroebel, NYU, Stern School of Business
Agenda
Agenda
| 8:30am-9:15am | Registration and Continental Breakfast |
| 9:15am-9:30am | Opening Remarks (00:01:36 in video) Kartik Athreya, Director of Research and Head of the Research and Statistics Group |
| 9:30am-10:15am | Keynote (00:10:16 in video) The Economic Consequences of Biodiversity Loss Stefano Giglio, Yale School of Management |
| 10:15am-11:00am | Adaption in Financial Markets: Climate Diversification Through Securitization (00:59:50 in video) Amine Ouazad, Rutgers Business School Matthew Kahn, University of Southern California Erkan Yönder, Concordia University |
| 11:00am-11:15am | Break |
| 11:15am-12:00pm | Auto Finance in the Electric Vehicle Transition (01:49:13 in video) Adair Morse, University of California, Berkeley Elizabeth Klee, Board of Governors of the Federal Reserve System Chaehee Shin, Board of Governors of the Federal Reserve System |
| 12:00pm-1:00pm | Lunch |
| 1:00pm-1:45pm | Decarbonizing Institutional Investor Portfolios: Helping to Green the Planet or
Just Greening Your Portfolio
(02:30:09 in video) Philipp Krueger, University of Geneva Vaska Atta-Darkua, University of Virginia, Darden School of Business Pedro Matos, University of Virginia, Darden School of Business Simon Glossner, Board of Governors of the Federal Reserve System |
| 1:45pm-2:30pm | Sustainability or Greenwashing (03:18:19 in video) Qiping Xu, University of Illinois, Gies College of Business Ran Duchin, Boston College Janet Gao, McDonough School of Business |
| 2:30pm-3:15pm | Carbon Price Uncertainty and Clean Investment (04:02:25 in video) Julian Terstegge, Copenhagen Business School Maximilian Fuchs, Copenhagen Business School Johannes Stroebel, NYU Stern |
| 3:15pm 4:15pm | Break and PhD Poster Session (04:40:13 in video) |
| 4:15pm-5:00pm | When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets (04:49:32 in video) Pari Sastry, Columbia Business School Ishita Sen, Harvard Business School Ana-Maria Tenekedjieva, Board of Governors of the Federal Reserve System |
| 5:00pm-5:45pm | Keynote (05:30:22 in video) How Great is Transition Risk? Harrison Hong, Columbia University |
Ph.D. Poster Session:
- Information about Climate Transition Risk and Bank Lending
Bhavyaa Sharma, University of California, Santa Cruz - Green Neighbors, Greener Neighborhoods
Christine Zhuowei Huang, University of Texas at Dallas - The World Market Price of Biodiversity Risk
William Wei Xiong, Cornell University - Sustainable Investments as Carbon Offsets
Jakob Famulok Goethe University, Frankfurt - Media’s Nudge: How Attention to Natural Disasters Shifts Investor Appetite for Green Assets
Marina Andrea Misev, University of Basel - Flooded House or Underwater Mortgage?
Yasmine van der Straten, University of Amsterdam - Distributional Consequences of Greenwashing: A Mean-Field Game Approach
Joseph Huang, University of Pennsylvania - How Anti-ESG Pressure Affects Investment: Evidence from Retirement Savings
Jane Danyu Zhang, UCLA Anderson School of Management
