The main aim of my research is to study the dynamic links between macro-financial systems, climate change, and the transition to a low-carbon society; and to contribute to the design of policies directed at achieving a rapid and smooth decarbonisation.
In 2020-2025, I will be the principal investigator of a ERC Starting Grant project called SMOOTH - Sustainable Finance for a Smooth Low-Carbon Transition. The project is composed of three main areas of work:
- The study of how expectations, sentiments and cognitive biases affect the carbon intensity of physical and financial investments.
- The analysis of drivers, transmission channels and macro-financial impacts of transition risks, with a particular focus on stranding risk of physical and financial assets.
- The study of the governance and political economy implications of a low-carbon transition, with a focus on the role of central banks and financial regulators.
