The views expressed on this website are mine and do not reflect the position of the Federal Reserve Bank of Richmond or the Federal Reserve System

Formosa Steel Factory in Ha Tinh, Vietnam. Photo by Phan Luong Toan (my brother) on 31 Jan 2019. Video version.
Keynote lectures
Underwater Assets - Implications for Financial Markets (general audience)
Rising Seas & Underwater Houses - Implications for Financial Markets (research audience, recording)
Minicourse (2nd year PhD level)
Climate seminars and workshops co-organized:
Virtual Seminar on Climate Economics (an ongoing series hosted by the San Francisco Fed)
OFR Climate Implications for Financial Stability conference (a past virtual conference)
Climate Reading Group (a past monthly informal reading group on Climate Economics)
Climate Change Economics (a past virtual conference hosted by the Richmond Fed)
Richmond Fed Economic Briefs
Podcast
Discussions
1. Bundesbank 2023: "Welfare Consequences of Sustainable Finance" by Harrison Hong, Neng Wang and Jinqiang Yang (forthcoming in RFS) [slides]
2. ASSA 2023: "Credit Supply and Green Investments" by Accetturo et al [slides]
3. BOJ-IMES 2022 conference: "Climate Change Mitigation: How Effective is Green Quantitative Easing?" by Abiry, Ferdinandusse, Ludwig, Nerlich [slides]
4. System Climate Meeting 2022: "Climate Change & Geography of U.S. Economic Activity" by Leduc and Wilson [slides]
5. Bank of Italy 2021: “Macro Effects of Carbon Tax to Meet U.S. Paris Agreement Target: Role of Firm Creation and Technology Adoption” by Shapiro and Metcalf [slides]
6. IBEFA summer 2021: “The rising tide lifts some interest rates: climate change, natural disasters, and loan pricing” by Correa, He, Herpfer, Lel [slides]
Selected notes on climate change economics
These are some lecture notes based on some recent development in the research literature that I prepared for myself and other researchers. The usual disclaimer applies. All errors are mine. Comments are welcome! I will continue to update and expand the set of notes.
Selected notes prepared by research assistants and students
Natural disasters
Strobl Restat 2011 "The Economic Growth Impact of Hurricanes: Evidence from US Coastal Counties" [Ryan]
Noth Schuwer wp 2018 "Natural Disasters and Bank Stability: Evidence from the U.S. Financial System" [Ryan]
Real estate
Baldauf et al. RFS 2020 "Does Climate Change Affect Real Estate Prices? Only if You Believe In It" [Ryan]
Murfin Spiegel RFS 2020 "Is the Risk of Sea Level Rise Capitalized in Residential Real Estate?" [Julian]
Gigglio et al wp 2019 "Climate Change and Long Run Discount Rates: Evidence from Real Estate" [Ryan]
Rodziewicz et al wp 2020 "Housing Market Impairment from Future Sea-Level Rise Inundation" [Rosemary]
Addoum et al wp 2021 "Climate Change and Commercial Real Estate: Evidence from Hurricane Sandy" [Rosemary]
Financial markets
Econometrics
Stock et al Climatic Change 2006 "Emissions, Concentrations & Temperature: A Time Series Analysis” [MH]
Stock et al PNAS 2011 "Reconciling Anthropogenic Climate Change with Observed Temperature 1998-2008" [MH]
Beliefs
Environmental justice
Environmental accounting
Muhan et al "Growth of Nations Revisited: Global Environmental Accounting from 1998 to 2018" [Rosemary]
Other
Useful links