International Workshop
Macroeconomic Green Dynamics
“Optimal Timing and Control to Eradicate Firms’ Polluting Activities: The Roles of Fiscal and Monetary Policies”
The Department of Economics, Society, Politics (DESP) of the University of Urbino Carlo Bo welcomes paper submissions for the International Workshop, Macroeconomic Green Dynamics, “Optimal Timing and Control to Eradicate Firms’ Polluting Activities: The Roles of Fiscal and Monetary Policies” to be held in Urbino on June 3-4, 2024.
This specialized workshop on non-linear macroeconomic dynamics applied to environmental issues follows previous conferences and workshops organized in Urbino on non-linear economic dynamics and policies. The workshop aims to bring interaction among economists and social scientists who carry out research at the knowledge frontier under the premise that monetary and fiscal policies analyzed through non-linear macroeconomics are essential to confront climate change. As a global issue, fiscal and monetary policies to mitigate climate change require cooperative and coordinated actions at the international level, including addressing the fair distribution of economic and social costs between countries/economies and supporting the firms’ green productive transition. While governments’ fiscal policy introducing a global carbon tax remains an open topic, a growing number of academics and policymakers are exploring the potential contribution that central banks and financial regulators can make to reducing carbon emissions, i.e., the role of monetary policies in addressing climate change. Therefore, fiscal and monetary policies play critical roles in the sustainability of firms’ productive activities.
Keynote speakers:
- William A. Barnett (online participation), Oswald Distinguished Professor of Macroeconomics, Department of Economics, University of Kansas | and Center for Financial Stability, NY City, USA.
- Francesco Drudi, Principal Advisor at the Directorate General Monetary Policy, European Central Bank (ECB).
- Bård Harstad (online participation), The David S. Lobel Professor in Business and Sustainability and Professor of Political Economy, Stanford Graduate School of Business, Stanford University.
- Irene Monasterolo, Professor of Climate Finance at Utrecht University School of Economics (U.S.E.), The Netherlands.
PAPER SUBMISSION
The scientific committee of the Workshop is pleased to extend an invitation to all interested authors to submit abstracts (although full papers are preferred) that aim to explore topics related to issues of environmental economics and non-linear dynamic macroeconomics, both theoretical and applied.
Papers or extended abstracts (3-5 pages) should be submitted to Prof. Edgar J. Sanchez Carrera, Program Coordinator: edgar.sanchezcarrera@uniurb.it by March 1, 2024. Please include JEL classification codes for the paper, as well as keywords. Complete papers may be submitted, but the extended abstract is required. The conference is open to both presenters and non-presenters. Registration is required, there is no participation fee.
IMPORTANT DATES
Submission deadline: March 1, 2024
Acceptance decision: March 15, 2024
Registration (required) by: April 1, 2024
Conference dates: June 3-4, 2024
Scientific Committee:
Costas Azariadis, Washington University in St. Lous
William A. Barnett, University of Kansas
Gian Italo Bischi, University of Urbino Carlo Bo
Alessia Cafferata, University of Turin
Marwil J. Dávila-Fernández, University of Siena
Annalisa Ferrando, European Central Bank
Germana Giombini, University of Urbino Carlo Bo
Francesca Grassetti, University of Urbino Carlo Bo
Giovanni Marin, University of Urbino Carlo Bo
Davide Radi, Catholic University of the Sacred Heart
Edgar J Sanchez Carrera, University of Urbino Carlo Bo
Fabio Tramontana, University of Urbino Carlo Bo
Giuseppe Travaglini, University of Urbino Carlo Bo
Organizing committee:
Andrea Bacchiocchi, University of Urbino Carlo Bo
Alessandro Bellocchi, University of Urbino Carlo Bo
Gian Italo Bischi, University of Urbino Carlo Bo
Federico Favaretto, University of Urbino Carlo Bo
Germana Giombini, University of Urbino Carlo Bo
Rosalba Rombaldoni, University of Urbino Carlo Bo
Edgar J Sanchez Carrera, University of Urbino Carlo Bo
Fabio Tramontana, University of Urbino Carlo Bo
Francesco Vidoli, University of Urbino Carlo Bo
A Special Issue of the journal Macroeconomic Dynamics (MD), is devoted to the workshop. The MD special issue invites contributions on behavioral macroeconomics, dynamic games and firms’ behavior, banking policies, monetary and fiscal policies, and in general related topics on non-linear macroeconomic dynamics in environmental issues. The contributions we aim to receive will not only share general substantive interests in the dynamics of ecological economics, but will also use an important method that we support, that is non-linear dynamic modeling in macroeconomics. Potential research articles may therefore involve an effort to genuinely take the strategic foundations of the macroeconomic models used to study the topics under consideration of this SI. The open special issue may publish frontier-of-knowledge research articles on potential topics in environmental economics, such as (but not limited to):
- Banking and Finance
- Behavioral Macroeconomics
- Climateflation, Fossilflation, and Greenflation
- Computation and Simulation Methods in Climate Change
- Corruption and Greenwashing
- Environmental Fiscal/Monetary Policies
- Environmental Poverty Traps
- Economic Growth and Green Investment
- Dynamic Games and Ecological Economics
- Firm Behavior and Environmental Macroeconomics
- Green Transition Costs
- Industrial and Environmental Policy Analysis
- International Economics
- Money, Inflation, and Climate Change
- Non-linear Macroeconomic Dynamics
Special Issue Timeline:
The special issue is open for submissions starting from: to be announced.
The deadline for submissions is: to be announced.
Submissions must be made through the journal’s online submission platform, ScholarOne here. When submitting, please specify the special issue: Macroeconomic Green Dynamics
Guest Editors:
Gian Italo Bischi, DESP University of Urbino Carlo Bo, E-mail address: gian.bischi@uniurb.it
Germana Giombini, DESP University of Urbino Carlo Bo, E-mail address: germana.giombini@uniurb.it
Edgar J. Sanchez Carrera, DESP University of Urbino Carlo Bo, E-mail address: edgar.sanchezcarrera@uniurb.it
Location: University of Urbino Carlo Bo, Department of Economics, Society, and Politics (DESP), via Saffi 42, URBINO
PROGRAM
Monday, June 3
AULA BLU
8:50 – Registration of participants
9:00 – Welcome Address: Giorgio Calcagnini: Rector of the University of Urbino Carlo Bo. Giuseppe Travaglini: Head of DESP, University of Urbino Carlo Bo. Gian Italo Bischi, Germana Giombini, Edgar J. Sanchez Carrera: Guest Editors of the journal Macroeconomic Dynamics for the special issue Macroeconomic Green Dynamics
AULA BLU
9:30 Session 1. Chair: Francesca Grassetti
- “Dynamic effects of temporary and permanent environmental policies on abatement investment, waste stock and social welfare” Alessandro Bellocchi (Department of Economics, Society, and Politics, University of Urbino Carlo Bo), Enrico Saltari (Facoltà di Economia, Dipartimento di Economia e Diritto, Università di Roma La Sapienza), Giuseppe Travaglini (Department of Economics, Society, and Politics, University of Urbino Carlo Bo)
- “Financing constraints, climate policies and carbon emissions” Mattia Guerini (Università degli Studi di Brescia, and Fondazione ENI Enrico Mattei), Giovanni Marin(Università degli Studi di Urbino, and Fondazione ENI Enrico Mattei), Francesco Vona (Università degli Studi di Milano, and Fondazione ENI Enrico Mattei)
- “Heterogeneous expectations in two-sector DSGE model: Does the green transition trigger waves of greenflation?” Nicolás Blampied (Department of Economics, Masaryk University), Alessia Cafferata (Department of Management, University of Turin), Davide Radi (DiMSEFA, Catholic University of Milan)
- “Environmental Policy and the Dynamics of Industrial Location and Residential Choice” Giovanni Bernardo (Department of Law, University of Naples Federico II), Pasquale Commendatore (Department of Law, University of Naples Federico II, and Ismed-CNR), Ingrid Kubin (Vienna University of Economics and BA), Mauro Sodini (Department of Law, University of Naples Federico II)
- “A unified theory of human development” Luca Gori (Department of Law, University of Pisa), Simone Marsiglio (Department of Economics and Management, University of Pisa), Mauro Sodini (Department of Law, University of Naples Federico II, and Department of Finance, Faculty of Economics, Technical University of Ostrava, Czech Republic)
11:30 coffee break
11:50 Keynote lecture – Francesco Drudi
12:30 – Light Lunch
14:00 – Session 2. Chair: Germana Giombini
- “Designing a Green Memorandum: Central Bankers, Politicians, Monetary Policy and Macroprudential Regulation” Georgios E. Chortareas (Economics Group, King’s Business School, King’s College London), Donato Masciandaro (Department of Economics and Baffi Centre, Bocconi University), Riccardo Russo (Economics Group, King’s Business School, King’s College London)
- “Shock Therapy for Greener Growth: The Dynamics of Firms’ R&D Investments” Esther Ann Bøler (Imperial College Business School, CEP & CEPR), Katinka Holtsmark (University of Oslo), Karen Helene Ulltveit-Moe (University of Oslo & CEPR).
- “Should I offset or should I plow? Voluntary Carbon Offsets and ETS in an Evolutionary Model” Matteo Mazzarano (Department of Political and International Sciences, University of Siena, and Florence School of Regulation, European University Institute), Massimiliano Rizzati (Department of Economics and Management, University of Brescia, and Fondazione Eni Enrico Mattei), Sergio Vergalli (Department of Economics and Management, University of Brescia, and Fondazione Eni Enrico Mattei), Simone Borghesi (Department of Political and International Sciences, University of Siena, and Florence School of Regulation, European University Institute)
- “On the dynamics of green, dirty and relocating firms under the Emissions Trading System” Angelo Antoci (DiSea, Department of Economics and Business, University of Sassari, Italy), Simone Borghesi(European University Institute – Florence School of Regulation Climate, and Department of Political and International Sciences, University of Siena, Italy), Paolo Russu (DiSea, Department of Economics and Business, University of Sassari, Italy), Mauro Sodini (Department of Law and Economics, University of Naples “Federico II”, Italy, and Department of Finance, Faculty of Economics, Technical University of Ostrava, Czech Republic)
15:30 – Keynote lecture – William A. Barnett “Economic Bifurcation and Chaos”
https://uniurb-it.zoom.us/j/87836783980
16:10 – Coffee Break
16:30 Session 3. Chair: Giovanni Marin
- “The Impact of Environmental Regulation on Sustainable Development within the European Union: An Empirical Analysis” Xiang Weiyi (Institute of Economics and Finance, University of Szczecin, Poland)
- “Climate Actions, Public Investment and Inflationary Effects in a Small Open Economy” Guido Traficante (European University of Rome)
- “Assessing Social Life Cycle Assessment (S-LCA) in Global Healthcare Waste Management: Insights from Complementary Methodologies and Regional Disparities” Chiara Notarangelo (PhD student in “Future Earth, Climate Change and societal challenges” at University of Bologna and Research fellow at Sant’Anna University)
- “Pollution, public debt, and growth: the question of sustainability” Marion Davin (CEE-M, Univ Montpellier, CNRS, INRAE, SupAgro, Montpellier, France), Mouez Fodha (University Paris 1 Panthéon-Sorbonne and Paris School of Economics), Thomas Seegmuller (Aix Marseille Univ, CNRS, AMSE, Marseille, France)
18:00 – Keynote lecture – Bard Harstad “Greening Oil: Optimal Extraction During the Transition from Coal to Renewables”
https://uniurb-it.zoom.us/j/87836783980
18:40 – Closing of the first day’s presentations
20:00 – Conference dinner
Tuesday, June 4
AULA BLU
9:00 Session 4. Chair: Gian Italo Bischi
- “The Green and the Brown: Environmental regulation and economic stability” Ingrid Kubin (Vienna University of Economics and Business), Thomas O. Zörner (Vienna University of Economics and Business, and Oesterreichische Nationalbank (OeNB))
- “An environmental growth model with technology choice” Luca Gori (Department of Law, University of Pisa), Francesco Purificato (Department of Law, University of Naples Federico II), Mauro Sodini (Department of Law, University of Naples Federico II, and Department of Finance, Faculty of Economics, Technical University of Ostrava, Czech Republic)
- “Green Transformation of an Overlapping-Generations Economy with Production Externalities” Paul Ritschel (Faculty of Business Studies and Economics, University of Kaiserslautern-Landau, Germany), Jan Wenzelburger (Faculty of Business Studies and Economics, University of Kaiserslautern-Landau, Germany)
- “Unsustainability traps: ubiquitous appearance of prisoner’s dilemma at different scales and structural policy approaches against climate change” Alessio Carrozzo-Magli (Dipartimento di Economia, Università di Bologna), Piero Manfredi (Dipartimento di Economia & Management, Università di Pisa )
10:30 – Coffee Break
10:50 – Keynote Lecture – Irene Monasterolo
11:30 Session 5. Chair: Edgar J. Sanchez Carrera
- “An Agent-Based Model of Deception: Does Greenwashing Pay Off” Sebastian Ille (Northeastern University London), Edgar J. Sanchez Carrera (Department of Economics, Society, and Politics, University of Urbino Carlo Bo)
- “Climateflation and monetary policy in an environmental OLG growth model” Marwil J. Dávila-Fernández (Department of Economics and Statistics, University of Siena), Germana Giombini (Department of Economics, Society, and Politics, University of Urbino Carlo Bo), Edgar J. Sánchez-Carrera (Department of Economics, Society, and Politics, University of Urbino Carlo Bo)
- “The impact of FX Central Bank interventions in a model with heterogeneous agents” Daniela Federici (Dipartimento di Economia e Giurisprudenza, Università di Cassino e del Lazio Meridionale), Enrico Saltari (Facoltà di Economia, Dipartimento di Economia e Diritto, Università di Roma La Sapienza)
- “Greenflation, Climateflation and Monetary Policy: The Dynamics of Sustainable Transition” Andrea Bacchiocchi, Federico Favaretto, Germana Giombini, Fabio Tramontana (Department of Economics, Society, and Politics, University of Urbino Carlo Bo)
13.00 – Concluding remarks
13:05 – Light Lunch