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𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗶𝗼𝗻: Climate change is often portrayed as an existential threat, posing significant risks to our lives, livelihoods and the global economy.
I posted about the paper before but given that the contents changed quite a bit, let me briefly emphasize our main results in a short thread🙂https://twitter.com/drkaenzig/status/1194708687274827777?s=20
𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗶𝗼𝗻: The looming climate crisis put climate change at the top of the global policy agenda. Several countries around the world started to implement carbon pricing policies to mitigate climate change, either via carbon taxes or cap and trade systems.
https://twitter.com/FlorinBilbiie/status/1339891687494135809Building on the endogenous-entry business-cycle models that they developed together with @FabioGhironi, they study how supply disruptions can be amplified through aggregate demand - a very important question not only but especially in times of Covid-19