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Understanding Macro and Asset Price Dynamics During the Climate Transition (Patrick Grüning)

Event start date: 06.11.2020 10:00

Event end date: 06.11.2020 11:30

Open Research Seminar

On 06 November 2020, the National Bank of Ukraine hosted an open research seminar, during which Patrick Grüning (Bank of Lithuania) presented the research paper "Understanding Macro and Asset Price Dynamics During the Climate Transition". The author analyzes the transition to a low-carbon economy and its effects on macroeconomic quantities and asset prices. Findings suggest that we the relative valuation of fossil fuel firms has significantly declined with the rise of climate change risk awareness.

Materials from the seminar are available via the links below.