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  • Growth and the economy

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  • Emanuele Campiglio

    Post Doctoral Researcher

    Emanuele joined the Grantham Research Institute on Climate Change and the Environment in September 2012. He is currently working for the FP7 LIMITS project, focusing on the macroeconomics of climate change mitigation and green growth.

    Background

    Emanuele holds a PhD in Economics from the University of Pavia (Italy). Before joining the LSE he worked as a researcher at the New Economics Foundation (London).

    Research interests

    • Macroeconomics of sustainability
    • Growth theory
    • Ecological and environmental economics
    • Money and banking
    • Economic theory and modelling
    Research article  24 June, 2014

    The structural shift to green services: A two-sector growth model with public capital and open-access resources

    An expansion of economic activities with low impact on ecological resources is a crucial component of the transition to a low-carbon society. “Green” structural change is analysed here through a model with a “progressive” manufacturing sector and a “stagnant” service sector. read more »

    Working paper  11 June, 2014

    Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy

    It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. However, as this paper argues, carbon pricing in … read more »

    ClimateChangeEconomics
    Research article  18 March, 2014

    A macroeconomic perspective on climate change mitigation: Meeting the financing challenge

    Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. read more »

    2013

    Working paper  1 December, 2013

    The structural shift to green services: a two-sector growth model with public capital and open-access resources

    – Forthcoming in Structural Change and Economic Dynamics (Dec 2014). The expansion of the share of economic activity taking place in sectors with low or no … read more »

    Research article  21 October, 2013

    A simple model of income, aggregate demand and the process of credit creation by private banks

    Forthcoming in Empirica External link to article External link to working paper Abstract This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation … read more »

    Working paper  1 August, 2013

    A macroeconomic perspective on climate change mitigation: Meeting the financing challenge

    –  Forthcoming in Climate Change Economics (August 2014) (read article) Transitioning to a low-carbon economy will require significant investment to transform energy systems, alter the built … read more »

    Research article  20 March, 2013

    How can transportation policies affect growth? A theoretical analysis of the long-term effects of alternative mobility systems

    External link to full article Abstract We present an example of how public policies affect the evolution of the economy by influencing consumption habits, life styles and work attitudes. In … read more »

    2012

    Working paper  1 November, 2012

    Who should pay for climate? The effect of burden-sharing mechanisms on abatement policies and technological transfers

    Recent international environmental negotiations have highlighted the importance of establishing a commonly agreed approach to attribute climate change responsibilities. In this paper we investigate how choices … read more »

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