A growing literature has sought to quantify the impacts of natural disasters on economic growth, but has found seemingly contradictory results, ranging from positive to very large negative effects. This paper brings a novel macroeconomic model-based perspective to the data. We present a...

We analyze a model of green technological transition along a supply chain. In each layer, a good is produced with a dirty technology, or, if the required "electriffcation" innovation has occurred, with a clean technology which uses the immediate upstream good. We show that the economy is...

We analyze a model of green technological transition along a supply chain. The model generates a unique equilibrium for given initial conditions but multiple steadystates. We show that: (i) even in the presence of Pigouvian environmental taxation, targeted sectoral subsidies are generally...