Antoine Mandel

TL;DR: This article developed a network-based climate stress-test methodology and applied it to large Euro Area banks in a "green" and a "brown" scenario, finding that direct and indirect exposures to climate-policy-relevant sectors represent a large portion of investors' equity portfolios, especially for investment and pension funds.

TL;DR: The authors investigated the differences between the yield term structures of green and conventional bonds in the US municipal bond market and showed that, although returns on conventional bonds are on average higher than for green bonds, the differences can largely be explained by the fundamental properties of the bonds.

TL;DR: This paper estimates the cost of the lockdown of some sectors of the world economy in the wake of COVID-19 using a multi sector disequilibrium model with buyer-seller relations between agents located in different countries and study the process of economic recovery following the end of the lockdowns.

TL;DR: The authors provide a survey of the micro and macro economics of climate change from a complexity science perspective and discuss the challenges ahead for this line of research, highlighting the potential economic benefits of mitigation and adaptation policies and the risk of under-estimating systemic climate change-related risks.

TL;DR: In this paper, the authors provide a quantitative macroeconomic assessment of the costs and benefits that would be associated with different climate club architectures and find that the key benefits that could structure the club are enhanced technological diffusion and the provision of low-cost climate finance, which reduce investment costs and also enable developing countries to take full advantage of technological diffusion.