AGENDA 2021

  1. Day 1
  2. Day 2

September 23rd

 

Thursday

08.30

 

REGISTRATION

09.00

 

WELCOME AND OPENING REMARKS
Welcome: Monica Billio, Ca’ Foscari University of Venice & GRETA
Opening Remarks: Stefano Battiston, Ca’ Foscari University of Venice & University of Zurich, Programme Chair

09.15

 

SESSION I: PANDEMICS AND MACRO-FINANCIAL IMPACTS
Chairman: Stefano Battiston, Ca’ Foscari University of Venice & University of Zurich, Programme Chair

https://www.epicx-lab.com/vittoria-colizza.html

Invited Talk: Pandemic Risk and its Impacts
Vittoria Colizza, French National Institute for Health and Medical Research, Paris

Learning about Unprecedented Events: Agent-Based Modelling and the Stock Market Impact of COVID-19 
Roberto Savona, University of Brescia (join with Davide Bazzana and Michele Colturato)
Discussant: Irene Monasterolo, Vienna University of Economics and Business & Boston University

Credit Demand and Financial Constraints in Non-Financial Recessions: Evidence from the COVID-19 Pandemic 
Tor Jacobson, Sveriges Riksbank, Stockholm (join with Niklas Amberg)
Discussant: Maximilian Göbel, Lisbon School of Economics and Management, Lisbon)

11.15

 

COFFEE BREAK

11.45

 

SESSION II: REGULATORY REQUIREMENT AND LONG RUN RISKS
Chairman: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

Credit Allocation and Macroeconomic Fluctuations 
Karsten Müller, Princeton University (join with Emil Verner)
Discussant: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

Climate Change-Related Regulatory Risks and Bank Lending
Eleonora Sfrappini, IWH - Halle Institute for Economic Research (join with Isabella Mueller)
Discussant: Antonio Scalia, Bank of Italy

Required Capital for Long Run Risks 
Alain Monfort, CREST (join with Christian Gouriéroux and Jean-Paul Renne)
Discussant: Andrea Giacomelli, Knowshape & GRETA, Venice

13.15

 

LUNCH

14.30

 

SESSION III: ESG (EIBURS Project ESG-Credit.eu)
Chairman: Maria Alessandra Zunino de Pignier, AIAF, Milan

https://mitsloan.mit.edu/faculty/directory/roberto-rigobon

Invited Talk: Silencing the Noise: ESG Confusion and Stock Returns
Roberto Rigobon, MIT Sloan School of Management

The Salience of ESG Ratings for Stock Pricing: Evidence From (Potentially) Confused Investors
Loriana Pelizzon, Goethe University Frankfurt, Leibniz Institute for Financial Research SAFE & Ca' Foscari University of Venice (join with Aleksandra Rzeznik and Kathleen Weiss Hanley)
Discussant: Roberto Rigobon, MIT Sloan School of Management

Green Sentiment, Stock Returns, and Corporate Behavior
Marie Brìere, Amundi, Université Paris Dauphine & Université Libre de Bruxelles (join with Stefano Ramelli)
Discussant: Stefano Colonnelo, Ca’ Foscari University of Venice

16.15

 

COFFEE BREAK and POSTER SESSION

Poster Session I

17.15

 

SESSION IV: COMPOUNDING RISKS (WORLD BANK JOINT PROJECT)
Chairman: Monica Billio, Ca’ Foscari University of Venice & GRETA

Building Back Stronger: the Role of Finance in Strengthening Resilience to Climate and Compounding Risks
Nicola Ann Ranger, World Bank & Oxford University

Macroeconomic and Financial Impacts of Compounding Pandemics and Climate Risk
Irene Monasterolo, Vienna University of Economics and Business & Boston University  (join with Nepomuk Dunz, Andrea Mazzocchetti, Arthur Hrast Essenfelder and Marco Raberto)
Discussant: Valerie Chouard, Banque de France

20.00

 

SOCIAL DINNER

September 24th

 

Friday

09.15

 

SESSION V: FINANCE AND CLIMATE CHANGE
Chairman: Stephen Schaefer, London Business School

https://www.stern.nyu.edu/faculty/bio/robert-engle

Invited Talk: Climate Financial Risk: Portfolios and Stress Tests
Robert F. Engle, New York University

Accounting for Finance is Key for Climate Mitigation Pathways 
Stefano Battiston, Ca’ Foscari University of Venice & University of Zurich (join with Irene Monasterolo, Keywan Riahi and Bas J. van Ruijven)
Discussant: Georgios Papadopoulos,  European Commission

When Do investors Go Green? Evidence from a Time-varying Asset-pricing Model 
Lucia Alessi, European Commission, Joint Research Centre & Università degli Studi di Milano-Bicocca (join with Elisa Ossola and Roberto Panzica)
Discussant: Michlele Costola, Ca' Foscari University of Venice

11.00

 

COFFEE BREAK

11.30

 

PANEL SESSION: COMPOUND RISK: CLIMATE, DISASTER, FINANCE, PANDEMIC
Moderator: Isabella Bufacchi, Il Sole 24 Ore, Frankfurt

  Robert F. Engle, New York University
  Ivan Faiella, Banca d'Italia, Rome
  Helmut Kraemer-Eis, European Investment Fund, Luxembourg
  Mauro Carlo Maccarinelli , Intesa Sanpaolo, Turin
  Olivier Mahul, World Bank, Washington
  Flavia Palanza, European Investment Bank, Luxembourg
  Ludovic Thebault, European DataWarehouse, Frankfurt

13.00

 

LUNCH

14.30

 

SESSION VI: DISASTER RISK
Chairman: Irene Monasterolo, Vienna University of Economics and Business & Boston University

Impacts of Extreme Weather Events on Mortgage Risks and Their Evolution under Climate Change: the Case of Florida 
Luca Zanin, Prometeia, Bologna (join with Raffaella Calabrese, Timothy Dombrowski, Antoine Mandel and R. Kelley Pace)
Discussant: Arthur Hrast Essenfelder, Ca' Foscari University of Venice & Euro-Mediterranean Center on Climate Change, Venice

Housing and Mortgage Markets with Climate-Change Risk: Evidence from Wildfires in California 
Richard Stanton, Haas School of Business, U.C. Berkeley (join with Paulo Issler, Carles Vergara-Alert and Nancy Wallace)
Discussant: Stephen Schaefer, London Business School

Floods and Firms: Vulnerabilities and Resilience to Natural Disasters in Europe 
Gábor Kátay, European Commission (join with Serena Fatica and Michela Rancan)
Discussant: Carlo Giupponi, Ca' Foscari University of Venice

16.00

 

COFFEE BREAK and POSTER SESSION

Poster Session II

17.00

 

SESSION VII: INVESTMENT FUNDS AND SUSTAINABILITY
Chairman: Mauro Carlo Maccarinelli, Intesa Sanpaolo, Turin

Sustainability or Performance? Ratings and Fund Managers’ Incentives
Nickolay Gantchev, University of Warwick,CEPR, & ECGI (join with Mariassunta Giannetti and Rachel Li)
Discussant: Claudio Tebaldi, Bocconi University, Milan

The Life Cycle Carbon Footprint of Financed Emissions: An Input-Output Based Model Adapted to Equity Portfolios and their Holdings
Ioana-Stefania Popescu, Luxembourg Institute of Science and Technology & University of Luxembourg (join with Thomas Gibon, Claudia Hitaj, Mirco Rubin and Enrico Benetto)
Discussant: Stefano Battiston, Ca’ Foscari University of Venice & University of Zurich

18.00

 

CLOSING REMARKS AND END OF THE CONFERENCE