e-axes

The newsletter economists at central banks are reading.

[e-axes @eaxes]

Brown Capital (Re)Allocation: https://t.co/Y4ORg35Vxd
Join this webinar with Olivier Darmouni (Columbia Business School) on April 29, at 11:00am EDT!

[Hélène Rey @helene_rey]

Fewer women reported being satisfied with the climate in the economics profession in 2023 compared to five years ago, according to a new survey https://t.co/3bG0mxVQ40 via @economics

[Esteban Rossi-Hansberg @HansbergRossi]

Such a sad day. Bob Lucas, the most important economist in modern macroeconomics, and certainly the most important economist in my life, died today. He was such a deep and honest thinker. He was such a helpful and caring mentor. I owe him so much. Farewell Bob. Thank you.

[Hélène Rey @helene_rey]

Wonderful thread. Rigorous economic analysis and hard work versus lobbies.

[Nicolò Florenzio @florenzion]

📣 Panel Alert 📣
Join @eaxesforum webinar on "Research on climate change mitigation policies: past and future", with its great line-up of panelists: Patrick Bolton (@imperialcollege), @Pierre_Monnin (@CEPweb), @fernandanechio (@sffed) and @GlennRudebusch(@BrookingsInst )

[e-axes @eaxes]

It will be long overdue!

[Kurt MIT-shock-man @SorryToBeKurt]

Bernanke lobbying for a prize for Gertler? 🙃

[E-axes Forum @eaxesforum]

"Climate change is an uphill battle, but with our combined efforts and suitable mitigation actions we can minimize the damage it causes"
(https://t.co/PxH0yKyNv5)

To know more, join our webinar comprising a unique and knowledgeable panel!

👉REGISTER: https://t.co/9BPenKXiaM

[SOAS Centre for Sustainable Finance @CSF_SOAS]

It is imperative that the IMF and World Bank introduce biodiversity and natural capital risks into their Debt Sustainability Analyses and other analytical frameworks for macroeconomic and financial risk analysis write @UliVolz & @MoritzKraemerDr. https://t.co/j6vhu17Xmt

[Ricardo Reis @R2Rsquared]

... John Moore, Nobu Kiyotaki, Jean-Charles Rochet, Mark Gertler, Raghuram Rajan, Gary Gorton first come to my mind, but there are many others. Bernanke, Diamond, and Dybvig are carrying the banner for a remarkable group of scholars. Science is a team sport.

[e-axes @eaxes]

The deadline is September 30th!

[e-axes @eaxes]

To secure price stability and to fulfill their primary mandate, policymakers should act promptly and in a differentiated manner. Interest rate management, expectation anchoring,... https://t.co/2rMK7gSYHa

[e-axes @eaxes]

A new research prize with the aim to recognize outstanding research conducted by young scholars on climate change and macroeconomics. The E-axes Forum Research Prize this year is on "Challenges Climate Change Poses for Central Banks": https://t.co/vHsiPsciyb

[e-axes @eaxes]

Interesting results from the recent ECB climate stress test

[Pierre Monnin @Pierre_Monnin]

On top of that, no supervisory overlay on estimated losses, which means that banks are quite free to report underestimated losses (a natural thing for them to do...)

Results show that orderly green transition translates into lower losses than disorderly or no policy action

[Pierre Monnin @Pierre_Monnin]

Losses from climate risk are significantly understated because:
1) scarcity of available data
2) rudimentary modeling of climate factors
3) exclusion of economic downturns and second-round effects from the scenarios (!!!)
4) only one-third of total exposure taken into account

[Irene Monasterolo @IreMonasterolo]

We are hiring a senior economist (open ended) to join our climate finance team at EDHEC-Risk Climate Impact Institute in Nice. Focus on financial networks and macro-fin modelling for #green #macropru & #monetary #policy to inform financial decision making https://t.co/QPrEgGnvD5

[e-axes @eaxes]

Interesting insights on how to choose the intergenerational discount rate for climate policy
@CSF_SOAS @IreMonasterolo @Pierre_Monnin @UliVolz @adrianvja

[E-axes Forum @eaxesforum]

❗️New webinar alert❗️Charles F. Manski (@NorthwesternU) will be presenting his research with Stephen DeCanio (@UCBerkeley ) and Alan Sanstad.

[Glenn Rudebusch @GlennRudebusch]

New prize for research on: “Challenges Climate Change Poses for Central Banks." I'm please to join the Selection Committee.

[e-axes @eaxes]

You may be interested in the E-axes Forum Research Prize on "Challenges Climate Change Poses for Central Banks": https://t.co/vHsiPsciyb

[e-axes @eaxes]

You may be interested in the E-axes Forum Research Prize on "Challenges Climate Change Poses for Central Banks": https://t.co/vHsiPsciyb

[e-axes @eaxes]

A critical look on AI's impact on the economy - https://t.co/Bob3CVOUu5 does AI affect the labor market, productivity, inequality and democracy.