Varieties of Derisking
Industrial policy, macrofinance, and the green transition
In recent years, the debate over climate policy has moved away from the earlier consensus in favor of carbon pricing and towards an investment-focused approach, illustrated by the passage of the Inflation Reduction Act (IRA), along with other similar measures…
June 7, 2023
AnalysisRisk Politics
ESG and the politicization of finance
In 2022, Environmental, Social, and Corporate Governance (ESG) accounted for 65 percent of all new inflows in exchange traded funds in Europe. Investments in the US are also projected to grow—PricewaterhouseCoopers (PwC) observes that more than eight out of ten…
October 12, 2022
InterviewsWho Pays for Inflation?
A conversation on monetary policy, labor, and the definition of inflation
The inflation of the past year has reshaped the political economic landscape in the United States and around the globe. While the IMF and World Bank echo UN calls about the recession risk of globally-synchronized rate hikes, the debate over…