BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
PRODID:-//WordPress - MECv7.33.0//EN
X-ORIGINAL-URL:https://kaea.org/
X-WR-CALNAME:KAEA
X-WR-CALDESC:Korea America Economic Association
X-WR-TIMEZONE:America/New_York
BEGIN:VTIMEZONE
TZID:America/New_York
X-LIC-LOCATION:America/New_York
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20260308T030000
RRULE:FREQ=YEARLY;BYMONTH=03;BYDAY=2SU
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20261101T010000
RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU
END:STANDARD
END:VTIMEZONE
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-PUBLISHED-TTL:PT1H
X-MS-OLK-FORCEINSPECTOROPEN:TRUE
BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-75ca239fd09eb2535c3b9d0e30eede59@kaea.org
DTSTART;TZID=America/New_York:20260514T200000
DTEND;TZID=America/New_York:20260514T211500
DTSTAMP:20260406T223317Z
CREATED:20260406
LAST-MODIFIED:20260406
PRIORITY:5
SEQUENCE:2
TRANSP:OPAQUE
SUMMARY:KWEN Mentor-Mentee Seminar – May 14, 2026
DESCRIPTION:\nTitle: Climate Policy and Sovereign Default Risk \nPresenter: Professor Vivian Yue (Emory University)\nDiscussant: Professor Soo Kyung Woo (Sogang University)\nTime: May 14, 2026, 8:00 PM Eastern Time (US and Canada)\nLink: https://cau.zoom.us/j/85778953211?pwd=32a68kV6bcZUWL8VJPb6JNfJWFgLsd.1\nMeeting ID: 857 7895 3211\nPasscode: 929038\n\nAbstract: This paper examines climate policy in an economy with endogenous sovereign default risk. Empirical evidence demonstrates that an increase in carbon price leads to higher sovereign spreads and lower economic activity in the short run, with the effects magnified for highly indebted countries. Building on these findings, we develop a small open economy model with strategic sovereign default and pollution externalities to quantify the role of default risk in shaping the macroeconomic effects of climate policy. Consistent with the data, the calibrated model predicts that sovereign risk increases following a carbon price shock, especially when sovereign debt is high. We find that endogenous sovereign default risk can significantly amplify the short-run economic costs of the green transition. \n\n
URL:https://kaea.org/events/seminars/kwen/kwen-mentor-mentee-seminar-may-14-2026/
CATEGORIES:Seminars,KWEN
END:VEVENT
END:VCALENDAR