In this work, we ask whether tradable emissions permits, based on the cap-and-trade principle, provide better climate change and economic projections than alternative regulations for GHG emissions, such as operational permits which are commonly used to mitigate non-GHG emissions (prevention...

We develop a macroeconomic agent-based model to study the role of systemically important banks (SIBs) in financial stability and the effectiveness of capital surcharges on SIBs as a risk management tool. The model is populated by heterogeneous firms, consumers, and banks interacting locally in...

The retreat of the ice around the freezing waters of the Arctic Ocean is opening new waterways where shipping activity could transport commodities between continents. One of the essential products is natural gas - LNG, which is transported in large tankers from exporters to importers. This study...

The increased diffusion of information and communication technologies (ICTs) impacts daily life and economic growth. It introduces new social practices for households and business models for companies that influence society and energy infrastructure development. A framework capable of...

We analyze the effects of borrower-based macroprudential tools in Finland. To evaluate the efficiency of the tools, we construct a heterogeneous agent model in which households endogenously determine their housing size and liquid asset levels under two types of borrowing constraints: (i) a...