My research is in climate finance and focuses on understanding the effects of financial frictions on effective strategies for addressing climate change. I have two main areas of study:
In my work on climate change adaptation, I examine the relationship between financial constraints and optimal adaptation to physical climate risk at the household level. I study the dynamic consequences on housing, income, and wealth inequality, and evaluate the design and political feasibility of policies aimed at alleviating the effects associated with financial constraints.
As financial factors shape the transition to a sustainable and low-carbon economy, I also study the interaction between financial frictions and climate transition risk at the corporate level. I examine how these frictions affect the pace of the green transition and explore the impact on the pricing and ownership dynamics of corporate bonds.