I had a great time presenting my work at @assameeting.bsky.social. Thank you for selecting my poster

Best way to end August: presenting my work at @eeanews.bsky.social and @earie-news.bsky.social - thanks to the organisers for inviting me. Added bonus pic of my “light” travel reading book for Bordeaux and Valencia.

Beautiful -- but this is a Norwegian pic of climate change. Melting glaciers bring particles that color lakes green.

Solicitud de colaboración para estudio sobre el impacto del aumento en los precios de energía

Hola - Estoy haciendo una encuesta sobre cómo se preparan las empresas mexicanas ante choques energéticos.
Help me out - I’m running a survey on how Mexican firms prepare for energy shocks.
Toma menos de 2 mins / Takes less than 2 mins:
docs.google.com/forms/d/e/1F...

I’ll be in Mexico City at @banxico.bsky.social from the end of this week through the end of August for data work on my JMP. If you’re around, feel free to reach out! Grateful to Banxico for the opportunity to visit Mexico.

I had a great time at my first #AERE - photographic proof below

Adapting to climate change – finding ways to prevent the harshest effects or deal with crises when they occur – is a first-order issue. But research on the economics of adaptation has offered little guidance for policy. This column reviews the existing literature on adaptation and considers how it can more directly inform policy design and implementation. The authors identify two distinct streams of adaptation literature, outline how each can be used to evaluate policy, highlight limitations and opportunities for public intervention in private adaptation markets, and provide guidance for future work.

Tamma Carleton, Esther Duflo, Kelsey Jack, & Guglielmo Zappalà explore the literature on two main forms of #climate adaptation (ex-post and ex-ante), outline how each can evaluate #policy, and consider how they can directly inform policy design and implementation.
cepr.org/voxeu/column...
#EconSky

I had a great time participating at the first edition of WISE in beautiful snowy Airolo thanks to the organisers for the invite @usiidep.bsky.social

From Monday I am going to be visiting @yalepress.bsky.social for six months - if you are in the area let me know, I would love to connect!

Not everyday you get to present your paper in your home country central bank! Glad to have presented my paper (latest version: papers.ssrn.com/sol3/papers....) coauthored with Matilde Faralli at Banca d’Italia today! Thanks to the organisers for the invite!

5/ The takeaway: Reorganization not only benefits creditors but can also support greener business practices. Our findings suggest that bankruptcy proceedings could improve environmental performance, especially for "brown" companies.

4/ How does reorganization support emissions reduction? We identify debt relief as a major mechanism. Reorganized firms often see reduced debt, allowing them to invest in sustainable practices.

3/ Third finding: To address causality, we used random judge assignments in bankruptcy cases. Judges with a "pro-continuation" bias tend to steer cases toward reorganization, resulting in lower emissions post-bankruptcy (compared to liquidated firms).

2/ First finding: Brown companies are more likely to experience financial distress and file for bankruptcy.
Second finding: Brown companies are more inclined to opt for reorganization (Chapter 11) over liquidation (Chapter 7), facing lower costs and shorter proceedings.

1/ Our paper examines how climate risks affect the likelihood of corporate bankruptcy and explores the environmental impact of different bankruptcy processes. We analyzed data from 2000-2023, focusing on "brown" vs. "green" firms based on their business description.

🚨NEW WP ALERT🚨: Exploring the Link Between Climate Risks and Corporate Bankruptcy with my amazing coauthor
Matilde Faralli who is on the 24/25 job market (papers.ssrn.com/sol3/papers....)

#bankruptcy #climate #financialdistress