In this study, we explore how climate risk affect corporate innovation using a sample collected from 293 cities in China between 2014 to 2020. We construct a city-level climate risk indicator to measure the degree of damage from climate-related natural disasters, and find that climate risk has a...

This study aims to develop an ecological stock-flow consistent (SFC) model based on the Latin American-stylized facts regarding economic, financial, and environmental features. We combine the macro-financial theoretical framework by Pérez-Caldentey et al. (2021, 2023) and the ecological...