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Max Konradt

@maxkonradt.bsky.social

Postdoc at Imperial College London. Research: Macro, Finance, Climate. More: https://sites.google.com/view/maximiliankonradt

12 Posts29 Follower 55 Folgt

Max Konradt @maxkonradt.bsky.social · 9mo ago

👋I'm on the #EconJobMarket! ❓My JMP, together with @dkaenzig.bsky.social, Lixing Wang and Donghai Zhang studies how green innovation varies over the business cycle. 💡We find that green innovation is countercyclical, while non-green innovation is procyclical. 🔗https://tinyurl.com/4b45h979 🧵👇

NBER @nber.org · last yr.

Showing empirically that green innovation is countercyclical and explaining it with a model where backloaded profits make green research and development less sensitive to downturns, from Diego R. Känzig, @maxkonradt.bsky.social, Lixing Wang, and Donghai Zhang https://www.nber.org/papers/w34041

VoxEU @ CEPR @voxeu.org · last yr.

#Carbon pricing has unequal impacts across European regions. It is associated with a significant decline in output and a rise in #unemployment, as well as increasing the vote shares of extremist and #populist parties. Maximilian Konradt, Giacomo Mangiante cepr.org/voxeu/column... #EconSky

Map of ETS intensity across European regions.

Carbon pricing has become a central tool in Europe’s strategy to mitigate climate change. This column presents new evidence on the impact of carbon pricing across European regions. The authors find that an increase in carbon prices is associated with a significant decline in output and a rise in unemployment. Carbon pricing also has important political ramifications, increasing the vote shares of extremist and populist parties. These costs are not borne equally, with carbon-intensive regions experiencing stronger effects. The findings support the adoption of complementary policies to cushion the economic impacts and limit political fallout.