Conference Agenda
Overview and details of the sessions of this conference.
Please select a date to show only sessions at that day. Please select a single session for detailed view (with abstracts and downloads if available).
Activate "Show Presentations" and enter your name in the search field in order to find your function (s), like presenter, discussant, chair.
Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:38:27am WEST
|
Daily Overview |
| Session | |
|
D02: Military Spending, Trade Shocks, and Open Economy Location: Room 102 (Francesinhas 1) | |
    | |
Climate Clubbing, Trade and the Natural Rate Deutsche Bundesbank, Germany Introducing carbon pricing increases production costs and reduces output, at least initially. Benefits from reduced emissions damage materialize only later. This affects households' saving behavior and, thereby, the natural interest rate $r^*$. Using a dynamic, three-region environmental life-cycle model, we find that the effects on the natural interest rate and net foreign asset positions crucially depend on how governments recycle carbon revenues. If carbon revenues are paid back to all households in a lump-sum manner, saving declines, the natural rate increases permanently and the net foreign asset position of the carbon pricing increasing country falls. The opposite holds if only the working-age population benefits from carbon revenues. The impact on exchange rates and trade flows depends on which regions introduce carbon pricing (and potential border adjustment mechanisms) as this ultimately drives relative price changes across the regions. The resulting asset and trade flows between regions also affect domestic welfare.
| |
