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X-WR-CALDESC:Events for CREST
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DTSTART:20260329T010000
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DTSTART:20261025T010000
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DTSTART;TZID=Europe/Helsinki:20261001T100000
DTEND;TZID=Europe/Helsinki:20261001T110000
DTSTAMP:20261009T120313
CREATED:20260819T100219Z
LAST-MODIFIED:20260915T145619Z
UID:19085-1790848800-1790852400@crest.science
SUMMARY:Yasmine VAN DER STRATEN (Nova School of Business & Economics) "Flooded House or Underwater Mortgage? The Macrofinancial Implications of Climate Change and Adaptation"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Séminaire QSEF – Économie et Finance Quantitatives Durables \n10h – 11h \nJeudi 1er octobre 2026 \n  \nSalle 3001 \nYasmine VAN DER STRATEN (Nova School of Business & Economics) «Flooded House or Underwater Mortgage? The Macrofinancial Implications of Climate Change and Adaptation » \nSummary : \nI study how climate change affects housing markets\, mortgage credit\, and private adaptation in a general-equilibrium overlapping-generations model. Climate events damage housing and degrade land\, which is inelastically supplied. While exposure to future climate risk lowers expected resale values\, realized climate damages reduce effective housing supply\, raising house prices over time. In frictionless markets\, forward-looking prices support efficient adaptation. \nHowever\, credit-constrained households underinvest in resilience\, implying that price signals alone are insufficient. Unequal adaptation amplifies wealth inequality and accelerates land degradation\, tightening credit constraints and widening the adaptation gap. I show that a shift toward landlord-based ownership can restore efficiency.[/vc_column_text][/vc_column][/vc_row]\n
URL:https://crest.science/event/yasmine-van-der-straten-nova-school-of-business-economics-flooded-house-or-underwater-mortgage-the-macrofinancial-implications-of-climate-change-and-adaptation/
LOCATION:3001
CATEGORIES:Quantitative Sustainable Economics and Finance
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