{"id":194,"date":"2025-09-01T14:45:36","date_gmt":"2025-09-01T14:45:36","guid":{"rendered":"https:\/\/eirinmodel.com\/?page_id=194"},"modified":"2025-09-01T18:17:41","modified_gmt":"2025-09-01T18:17:41","slug":"portfolio","status":"publish","type":"page","link":"https:\/\/eirinmodel.com\/?page_id=194","title":{"rendered":"Projects"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"194\" class=\"elementor elementor-194\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3fda11e9 e-flex e-con-boxed e-con e-parent\" data-id=\"3fda11e9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7220e53 e-con-full e-flex e-con e-child\" data-id=\"7220e53\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3326270 elementor-widget elementor-widget-spacer\" data-id=\"3326270\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f782bff elementor-widget elementor-widget-heading\" data-id=\"f782bff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Projects<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6fdb3e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b6fdb3e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fa2fa6d e-grid e-con-full e-con e-child\" data-id=\"fa2fa6d\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f17a2c1 e-flex e-con-boxed e-con e-child\" data-id=\"f17a2c1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9d08ef7 elementor-widget elementor-widget-heading\" data-id=\"9d08ef7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Network for Greening the Financial System (NGFS) short term climate scenarios.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b1d646 elementor-widget elementor-widget-text-editor\" data-id=\"0b1d646\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tEIRIN is applied to support the development of the NGFS short-term climate scenarios, providing inflation and monetary policy variables to feed the CLIMACRED climate credit risk model\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb491e9 elementor-widget elementor-widget-button\" data-id=\"cb491e9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.ngfs.net\/en\/publications-and-statistics\/publications\/ngfs-short-term-climate-scenarios-central-banks-and-supervisors\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c0591a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2c0591a\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-667acc2 e-con-full e-flex e-con e-child\" data-id=\"667acc2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c847e9e elementor-widget elementor-widget-heading\" data-id=\"c847e9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">NATURE 3B: Including Nature in decision making of central Banks, investment Benchmarks &amp; Bond issuers.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72a1bf8 elementor-widget elementor-widget-text-editor\" data-id=\"72a1bf8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is being further developed and tailored to assess the macroeconomic and financial impacts of nature loss scenarios for Europe, and to input the nature credit risk model and the biodiversity stress-test models with policy rates adjustments.<\/p><p><strong>Funder:\u00a0<\/strong>European Commission, Horizon Europe<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11026f9 elementor-widget elementor-widget-button\" data-id=\"11026f9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cordis.europa.eu\/project\/id\/101182455\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee835fb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ee835fb\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e3d02e e-con-full e-flex e-con e-child\" data-id=\"4e3d02e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a00337 elementor-widget elementor-widget-heading\" data-id=\"5a00337\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ESG risk management framework for the financial sector (ESG-UPTAKE)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e48286 elementor-widget elementor-widget-text-editor\" data-id=\"9e48286\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to assess the fiscal and financial stability implications of extreme weather events, and the climate insurance protection gap, and climate-sovereign-finance doom loop, in Italy.<\/p><p><strong>Funder:\u00a0<\/strong>European Commission, SG REFORM, TSI-2023-ESGRM-IBA.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8465145 elementor-widget elementor-widget-button\" data-id=\"8465145\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/reform-support.ec.europa.eu\/esg-risk-management-framework-financial-sector_en\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55d3a63 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"55d3a63\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-72a6146 e-con-full e-flex e-con e-child\" data-id=\"72a6146\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1bd1356 elementor-widget elementor-widget-heading\" data-id=\"1bd1356\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GRINS: Growing Resilient, INclusive and Sustainable<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea3eb27 elementor-widget elementor-widget-text-editor\" data-id=\"ea3eb27\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to assess the impacts of physical and transition climate risks on the Italian economy and financial stability, providing insights into the potential effectiveness of policy responses.<\/p><p><strong>Funder:\u00a0<\/strong>European Union \u2013 NextGenerationEU, under Italy\u2019s National Recovery and Resilience Plan (NRRP).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-456cd1d elementor-widget elementor-widget-heading\" data-id=\"456cd1d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relevant Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9b5b15 elementor-widget elementor-widget-text-editor\" data-id=\"b9b5b15\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Mazzocchetti, A., Monasterolo, I., Dunz., N, Essenfelder, A. (2025). Breaking the economy: how climate tail risk and financial conditions can shape loss persistence and economic recovery. Ecological Economics, vol. 237, 108685.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11d0a82 elementor-widget elementor-widget-button\" data-id=\"11d0a82\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/grins.it\/spoke\/spoke-4\/wp-43\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1db368 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"c1db368\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-267052c e-con-full e-flex e-con e-child\" data-id=\"267052c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7cac402 elementor-widget elementor-widget-heading\" data-id=\"7cac402\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Task Force on Climate, Development and the IMF<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faac12c elementor-widget elementor-widget-text-editor\" data-id=\"faac12c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to analyse the impacts of climate physical and transition risk scenarios on low-income and emerging countries\u2019 fiscal budgets, and sovereign bonds and sovereign debt sustainability, using the NGFS long-term scenarios. EIRIN\u2019s insights are used to provide recommendations to the IMF on how to integrate climate risks into Debt Sustainability Analysis (DSA) and Financial Stability Assessment Programs (FSAP).<\/p><p><strong>Funder:\u00a0<\/strong>G24-V20- Boston University<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a59ebd elementor-widget elementor-widget-heading\" data-id=\"8a59ebd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relevant Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bbf1bc elementor-widget elementor-widget-text-editor\" data-id=\"2bbf1bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Gourdel, R., Monasterolo, I., Gallagher, K. (2025). Climate transition spillovers and sovereign risk: evidence from Indonesia. Energy Economics, 108211.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f6780a elementor-widget elementor-widget-button\" data-id=\"5f6780a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/g24.org\/task-force-on-climate-development-and-the-imf\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5e0fb9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f5e0fb9\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-baf73fb e-con-full e-flex e-con e-child\" data-id=\"baf73fb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e7765e1 elementor-widget elementor-widget-heading\" data-id=\"e7765e1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Double materiality risk assessment for the euro-area<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ea37d5 elementor-widget elementor-widget-text-editor\" data-id=\"8ea37d5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to investigate the double materiality of climate physical and transition risks in the euro area economy and banking sector, and the quantification of the potential cobenefits of early climate policies, using the NGFS long-term scenarios.<\/p><p><strong>Funder:\u00a0<\/strong>The European Central Bank<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad22bbc elementor-widget elementor-widget-heading\" data-id=\"ad22bbc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relevant Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bd24cc elementor-widget elementor-widget-text-editor\" data-id=\"4bd24cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Gourdel, R., Monasterolo, I, Dunz, N., Mazzocchetti, A. and Parisi, L. (2024). The double materiality of climate physical and transition risks in the euro-area. Journal of Financial Stability, 101233. Covered in: S&amp;P Global, SUERF-Bocconi, Natixis Research.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-facbbf2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"facbbf2\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e7af06 e-con-full e-flex e-con e-child\" data-id=\"4e7af06\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1086a76 elementor-widget elementor-widget-heading\" data-id=\"1086a76\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">COVID-19 pandemic and natural disasters: Compound risk assessment in developing countries.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea83520 elementor-widget elementor-widget-text-editor\" data-id=\"ea83520\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to assess the non-linear impacts of compounding COVID-19 and physical climate risks on the economy and financial stability of developing countries, including Jamaica, Kenya, Philippines, Indonesia, Sierra Leone and Morocco.<\/p><p><strong>Funder:\u00a0<\/strong>The World Bank<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f9d575 elementor-widget elementor-widget-heading\" data-id=\"0f9d575\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relevant Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2121dff elementor-widget elementor-widget-text-editor\" data-id=\"2121dff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Dunz, N., Mazzocchetti, A., Monasterolo, I., Essenfelder, A., Raberto, M. (2023).\u00a0Compounding COVID-19 and climate risks: the interplay of banks\u2019 lending and government\u2019s policy in the shock recovery. Journal of Banking and Finance, 152, 106303. Covered in: Brookings Institute, World Bank Report on 360degrees resilience.<\/p><p>Ranger, N., Mahul, O., Monasterolo, I. (2022). Assessing Financial Risks from Physical Climate Shock: A Framework for Scenario Generation. The World Bank, Equitable Growth, Finance &amp; Institutions Insight. Washington, DC: World Bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b719b51 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b719b51\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ca87ee0 e-con-full e-flex e-con e-child\" data-id=\"ca87ee0\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d3e9a34 elementor-widget elementor-widget-heading\" data-id=\"d3e9a34\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Green monetary and macroprudential policies<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-003cb90 elementor-widget elementor-widget-text-editor\" data-id=\"003cb90\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is applied to the euro area to assess the monetary policy response to inflationary pressures coming from short term climate risks; to assess the implications of short-term climate risks on the European banking sector\u2019s financial stability, and to provide research-based insighs for an adequate macropridential policy response.<\/p><p><strong>Funder:\u00a0<\/strong>The European Climate Foundation<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd60228 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"fd60228\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-60f8559 e-con-full e-flex e-con e-child\" data-id=\"60f8559\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e8b4468 elementor-widget elementor-widget-heading\" data-id=\"e8b4468\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Scaling up green finance to achieve the climate and energy targets: an assessment of macro-financial opportunities and challenges for Austria (GreenFin).<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-719eabd elementor-widget elementor-widget-text-editor\" data-id=\"719eabd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>EIRIN is calibrated and applied to Austria to study the implications of the low-carbon transition on the country\u2019s fiscal and financial stability, and the role of fiscal, monetary policies and macroprudential policies.<\/p><p><strong>Funder: <\/strong>Austrian Climate Research Program<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df09586 elementor-widget elementor-widget-heading\" data-id=\"df09586\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relevant Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e0db97 elementor-widget elementor-widget-text-editor\" data-id=\"7e0db97\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Monasterolo, I., Dunz, N., Mazzocchetti, A., &amp; Gourdel, R. (2022). Derisking the low-carbon transition: investors\u2019 reaction to climate policies, decarbonization and distributive effects. Review of Evolutionary Political Economy, 3(1), 31-71.<\/p><p><br \/>Mazzocchetti, A., Monasterolo, I., Vismara A. (2025). Banks\u2019 climate sentiments and credit risk: do they matter for the low-carbon transition? Working paper.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bc0759 elementor-widget elementor-widget-button\" data-id=\"6bc0759\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.klimafonds.gv.at\/wp-content\/uploads\/2024\/09\/B960191-ACRP11-GreenFin-KR18AC0K14634-EB.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Project Link<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Projects Network for Greening the Financial System (NGFS) short term climate scenarios. EIRIN is applied to support the development of the NGFS short-term climate scenarios, providing inflation and monetary policy variables to feed the CLIMACRED climate credit risk model Project Link NATURE 3B: Including Nature in decision making of central Banks, investment Benchmarks &amp; Bond [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-194","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/pages\/194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eirinmodel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194"}],"version-history":[{"count":5,"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions"}],"predecessor-version":[{"id":286,"href":"https:\/\/eirinmodel.com\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions\/286"}],"wp:attachment":[{"href":"https:\/\/eirinmodel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}