I am an Assistant Professor of Economics at IE University and IE Business School. I am also an associate fellow at the London School of Economics and Political Science (LSE), King’s College Business School, and Paris Sciences et Lettres (PSL Research). My research explores the linkages between macroeconomic theory and heterogeneity, asset pricing theory, climate change, and the distributional impacts of both environmental externalities and policy.
My JMP can be found HERE
MSc, MPhil, and PhD (majoring in environmental and climate change economics)
MSc, MRes, and PhD (majoring in financial and monetary economics)
MSc in Engineering of Information Systems
Institut Mines - Telecom
BSc in Mathematics and Physics
Classes Préparatoires Faidherbe
This paper investigates the distributional impacts of implementing the net-zero emissions target in the U.S. for the 2050 horizon. We model a heterogeneous household economy and show that 2050 net-zero policy is welfare enhancing in the long run, but induces short/medium-run distributional costs. We quantify this trade-off by a 0.54% consumption equivalent welfare gain (compared to the laissez-faire) in the long run and a 6-10 percent increase of financially constrained households by 2050. We then show how distributing revenue from the carbon policy could partially offset consumption losses and smooth the net-zero transition. We also extend our analysis to the cases of: i) sticky prices, showing how net-zero emissions induces inflationary pressure over the long run, which could represent a challenge for monetary policy conduction in a world with high inflation, and ii) abatement learning, showing how green innovation decreases carbon prices and boosts consumption over the transition.
Coming up soon!