Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:49:27am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Thematic Session: Climate policy and international financial markets (Streaming) Location: B009 Session Chair: Armon Rezai, Vienna University of Economics and Business Session Chair: Rick van der Ploeg, University of Oxford | |
    | |
Climate Policy and International Risk Sharing University of Freiburg, Germany This paper studies the strategic interaction among heterogeneous countries in a stochastic growth model of climate change. Each country is exposed to exogenous fundamental and endogenous climate risk. We analyze alternative market arrangements that determine the extent of trade and international capital flows as well as the scope for risk sharing through financial markets. We provide analytical characterizations of optimal climate policies under full cooperation and non-cooperation, and show how these policies depend on the underlying market structure. Numerical simulations quantify the welfare gains from trade and financial risk sharing, as well as from cooperation in addressing the climate externality. | |