A Theory of Endogenous Degrowth and Environmental Sustainability
2026-05-28 12:45 - 14:00 (Europe/Helsinki) | 15.1.39
Michael Peters
(Yale University)

“A Theory of Endogenous Degrowth and Environmental Sustainability”

Face to Face 15.2.71 – Room 15.1.39

Innovation, Business Cycles, and the Climate Transition
2026-09-10 12:45 - 14:00
Maximilian Konradt
(CREI)

“Innovation, Business Cycles, and the Climate Transition”

Abstract: This paper examines the relationship between green innovation and the business cycle, revealing that while non-green innovation is procyclical, green innovation is countercyclical. This pattern holds unconditionally over the business cycle and conditional on economic shocks. Motivated by these findings, we develop a business cycle model with endogenous green and non-green innovation to explain their distinct cyclical behavior. The key mechanism operates through a `green is in the future’ channel: green patents are expected to generate higher profits in the future, making green patenting less sensitive to short-term economic fluctuations. In general equilibrium, this channel is reinforced, making green and non-green innovation effective substitutes. We provide direct evidence supporting the model mechanism using data on market-implied values of green and non-green patents.

Face to Face 15.2.71 – Room 15.1.39

TBA
2026-09-17 12:45 - 14:00
Benny Kleinman
(Stanford University)

“TBA”

Face to Face 15.2.71 – Room 15.1.39

TBA
2026-09-24 12:45 - 14:00
Maarten De Ridder
(LSE)

“TBA”

Face to Face 15.2.71 – Room 15.1.39

TBA
2026-10-01 12:45 - 14:00
Julian Neira
(University of Exeter)

“TBA”

Face to Face 15.2.71 – Room 15.1.39

TBA
2026-10-15 12:45 - 14:00
Manuel García Santana
(CREI)

“TBA”

Face to Face 15.2.71 – Room 15.1.39

Zoning: Misallocation or Externalities?
2026-10-22 12:45 - 14:00
Chang-Tai Hsieh
(University of Chicago)

“Zoning: Misallocation or Externalities?”

Face to Face 15.2.71 – Room 15.1.39

TBA
2026-10-29 12:45 - 14:00
Kristina Manysheva
(Yale University)

“TBA”

Face to Face 15.2.71 – Room 15.1.39
