Young Scholars
October 30, 2023

Adelina Barbalau
Assistant Professor of Finance
Alberta School of Business, University of Alberta
Julian di Giovanni will present findings from his paper (with Marco Del Negro and Keshav Dogra) on “Is the Green Transition Inflationary?”
From the abstract:
We develop a two-sector New Keynesian model to analyze the inflationary effects of climate policies. Climate policies do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank’s objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the “dirty” and “green” sectors relative to the rest of the economy, and on whether climate policies consist of taxes or subsidies.
Young Scholars
Young Scholars
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