GreenFin academic and non academics publications​

Publications in peer-reviewed journals

  • Gourdel, R., Monasterolo, I, Dunz, N., Mazzocchetti, A. and Parisi, L. (2021). Assessing the double materiality of climate-related financial risks: an application to the EU economy and banking sector. ECB working paper, forthcoming (Oct. 2021).
  • Dunz, N., Mazzocchetti, A., Monasterolo, I., Essenfelder, A., Raberto, M. (2021). Compounding COVID-19 and climate risks: the interplay of banks’ lending and government’s policy. Journal of Banking and Finance, forthcoming (Sept. 2021).
  • Naqvi, A., Monasterolo I. (2021). Assessing the cascading impacts of natural disasters in a multi-layer behavioral network framework. Nature Scientific Reports, forthcoming.
  • Battiston, S., Dafermos, Y., and Monasterolo, I (2021). Climate risks and financial stability. Journal of Financial Stability, vol. 54, June 2021. DOI: https://doi.org/10.1016/j.jfs.2021.100867
  • Dunz, N., Naqvi, A., Monasterolo, I. (2021). Climate sentiments, transition risk, and financial stability in a stock-flow consistent model. Journal of Financial Stability, vol. 54, June 2021. DOI: https://doi.org/10.1016/j.jfs.2021.100872
  • Monasterolo, I., de Angelis, L. (2020). Blind to carbon risk? An Analysis of Stock Market’s Reaction to the Paris Agreement. Ecological Economics, 170, 1-10. https://doi.org/10.1016/j.ecolecon.2019.106571
  • Monasterolo, I. (2020). Embedding Finance in the Macroeconomics of Climate Change: Research Challenges and Opportunities Ahead. CESIfo Forum, 4/2020, p.25-33.
  • Monasterolo, I. (2020). Embedding finance in the macroeconomics of climate change: research challenges and opportunities ahead. CESIfo Forum, 4/2020, p.25-33.
  • Monasterolo, I. (2020). Climate change and the financial system. Annual Review of Resource Economics, Volume 12, 1-22. https://www.annualreviews.org/doi/10.1146/annurev-resource- 110119-031134
  • Dunz, N., Naqvi, A., Monasterolo, I. (2020). Climate Transition Risk, Climate Sentiments, and Financial Stability in a Stock-Flow Consistent approach. Forth. on Journal of Financial Stability, available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3520764
  • Hafner, S., Anger-Kraavi, A., Monasterolo, I., Jones, A. (2020). Emergence of New Economics Energy Transition Models: A Review. Ecological Economics, 177, 106779 https://doi.org/10.1016/j.ecolecon.2020.106779 

Working papers

  • Battiston, S., Monasterolo, I. (2020). On the dependence of investor’s probability of default on climate transition scenarios. Available at SSRN (abstract_id=3743647).
  • Battiston, S., Monasterolo, I. (2020). The Climate spread of sovereign and corporate bonds. Available at SSRN (abstract_id=3376218).
  • Battiston, S., Monasterolo, I. (2020). On the dependence of investor’s probability of default on climate transition scenarios. Working paper, http://dx.doi.org/10.2139/ssrn.3743647
  • Bressan, G.M, Monasterolo, I., Battiston, S. (2020). Reducing climate transition risk in central banks’ asset purchasing programs. Working paper, http://dx.doi.org/10.2139/ssrn.3770192
  • Battiston, S., Monasterolo, I. (2020). The Climate spread of sovereign and corporate bonds.
  • Battiston, S., Monasterolo, I., van Rujiven B., Riahi, K. (2020). Climate mitigation pathways need to account for the ambivalent role of finance. Working paper, review and resubmit at Science.

Chapters in books

  • Battiston, S., Billio, M., and Monasterolo, I. (2020). Pandemics, climate and public finance: how to strengthen socio-economic resilience across policy domains. In: A New World Post COVID-19 Lessons for Business, the Finance Industry and Policy Makers, edited by Monica Billio and Simone Varotto, Edizioni Ca’ Foscari, pag. 259-268. ISBN [ebook] 978-88-6969-442-4 | ISBN [print] 978-88-6969-443-1
  • Battiston, S., Billio, M., and Monasterolo, I. (2020). Pandemics, climate and public finance: how to strengthen socio-economic resilience across policy domains. In: A New World Post COVID-19 Lessons for Business, the Finance Industry and Policy Makers, edited by Monica Billio and
  • Simone Varotto, Edizioni Ca’ Foscari, pag. 259-268. ISBN [ebook] 978-88-6969-442-4 | ISBN [print] 978-88-6969-443-1

Technical and policy reports

  • Monasterolo, I., Volz, U. (2020). Addressing climate-related financial risks and overcoming barriers to scaling up sustainable investments. G20 Saudi Arabia: T20’s Task Force 2 “Climate Change and Environment” 2020: https://www.g20-insights.org/policy_briefs/addressing-climate-related-financial-risks-and-overcoming-barriers-to-scaling-up-sustainable-investment/
  • Battiston, S., Guth, M., Monasterolo, I., Nuerdorfer, B., Pointner, W. (2020). The exposure of Austrian banks to climate-related transition risk. In: Austrian National Bank’s Financial Stability Report 2020: https://www.oenb.at/en/Publications/Financial-Market/Financial-Stability-Report.html
  • Monasterolo I., Battiston S. (2020). Assessing forward-looking climate risks in financial portfolios: a science-based approach for investors and supervisors. NGFS Occasional Papers Case Studies of Environmental Risk Analysis Methodologies. Published on 09/10/2020; 616 pages: https://www.ngfs.net/en/case-studies-environmental-risk-analysis-methodologies
  • Monasterolo, I., Volz, U. (2020). Addressing climate-related financial risks and overcoming barriers to scaling up sustainable investments. G20 Saudi Arabia: T20’s Task Force 2 “Climate Change and Environment” 2020.
  • Battiston, S., Guth, M., Monasterolo, I., Nuerdorfer, B., Pointner, W. (2020). The exposure of Austrian banks to climate-related transition risk. In: Austrian National Bank’s Financial Stability Report 2020.
  • Monasterolo I., Battiston S. (2020). Assessing forward-looking climate risks in financial portfolios: a science-based approach for investors and supervisors. NGFS Occasional Papers Case Studies of Environmental Risk Analysis Methodologies. Published on 09/10/2020; 616 pages.
  • Monasterolo, I., Battiston, S. (2020). Pricing forward-looking climate risks in financial contracts. In: Report of the Joint JRC – EBA workshop on Banking Regulation and Sustainability.

 

Blogposts and articles

  • Irene Monasterolo, Nepomuk Dunz, Andrea Mazzocchetti, and Arthur H. Essenfelder (2021)
    Brookings.edu – Future Development

    Financial risk assessment and management in times of compounding climate and pandemic shocks

  • Mahul, O., Monasterolo, I., Ranger, N. (2021). Learning from COVID-19 and climate change: Managing the financial risks of compound shocks. World Bank blog, https://bit.ly/3zYqTdV
  • Battiston, S., Monasterolo, I. (2021). Le système financier peut faire pencher la dynamique de la transition écologique d’un côté ou de l’autre. Le Monde (26/5/2021).
  • Battiston, S., Monasterolo, I. (2021). Transizione ecologica e rischio finanziario: il ruolo chiave delle aspettative. Il Sole 24 Ore (24/5/2021).
  • Kletzan-Slamanig, D., ea. Klimawandel gefährdet finanzielle Stabilität. Der Standard (15/02/2021).
  • Monasterolo, I., ea. “Klimawandel gefährdet finanzielle Stabilität”. Der Standard (15/02/2021).
  • Monasterolo, I. “Assessing climate risks in investors’ portfolios: a journey through climate stress-testing”. UN PRI blogpost (2/03/2020).
  • Monasterolo, I., Volz, U. “How to finance virus response in a sustainable way? Scale up synergies with the Green Deal”. Euractiv (7/04/2020).
  • Monasterolo, I., Volz, U. “EU virus response to shape climate action”. OMFIF (8/04/2020):
  • Monasterolo, I., Volz, U. “Enabling EU solidarity while preserving public finances: how the EU could finance the COVID response”. Financial Times (The Banker) (2/05/2020).