portrait photo

Irene Monasterolo

Irene Monasterolo Ph.D.
Telephone:
+43 1 31336 4773
Email:
About me:
Irene Monasterolo is an Assistant Professor of Climate Economics and Finance at the Institute for Ecological Economics, Vienna University of Economics and Business and a visiting research fellow at Boston University, USA. Irene holds a Ph.D. in Agri-food Economics and Statistics from the University of Bologna, and two post-doctoral specializations in Cambridge (UK) and Boston (USA). Irene has extensive experience in developing policy-relevant academic research on how to align the financial system to the Sustainable Development Goals and the Paris Agreement. Irene has contributed to develop the first climate stress-test methodology, applied to both commercial and development banks’ portfolios for introducing climate risk factors into financial risk metrics; the first financial macro-network model for climate policy’s risk financial risk evaluation; the EIRIN Stock-Flow Consistent behavioural model to assess financial and distributive effects of green fiscal, monetary policies and green bonds. Her research has been published on top-ranked academic journals, such as Nature Climate Change and Climatic Change. In addition, Irene has been working as a consultant for major development banks (e.g. World Bank, European Investment Bank, Inter-American Development Bank) on climate change mitigation and adaptation. Finally, she leads on the Research Area ‘Environment-Economy Interactions’ of the European Association for Evolutionary Political Economy (EAEPE), of which she is also a council member since 2018.
Contact information and photo taken from and editable at WU Directory.

CV

2019
Precourt Visiting Scholar at Stanford University
since 2017
Assistant Professor, Climate Economics and Finance
2016
Visiting Scholar at Boston University
2016
European Investment Bank consultant
2015-2017
Senior post doc, Boston University
2015
Inter-American Development Bank consultant
2014-2015
Confirmed researcher, Italian National Council of Research
2012-2015
Post Doc Global Sustainability Institute Cambridge (UK)
2012-2013
Erasmus Mundus visiting post-doc, Belgrade university (Serbia)
2012-2017
World Bank consultant
2009-2012
PhD candidate, Universita' di Bologna

Researcher Identifier

    No researcher identifier found.

Awards and Honors

2018
OeNB Maria Schaumeyer Habilitation grant
2015
AISSEC Best PhD Thesis in Development and Transition Economics

Classifications

    No classifications found.

Expertise

  • ESG performance
  • Green sovereign bonds
  • Climate Stress-test
  • Climate finance
  • Stock-Flow Consistent models
  • Fossil fuel subsidies

Activities

No activities found.

Publications

Journal article

2018 Stolbova, Veronika, Monasterolo, Irene, Battiston, Stefano. 2018. A Financial Macro-Network Approach to Climate Policy Evaluation. Ecological Economics. 149 239-253. (Details)
  Monasterolo, Irene, Zheng, Jiani I., Battiston, Stefano. 2018. Climate Transition Risk and Development Finance: A Carbon Risk Assessment of China’s Overseas Energy Portfolios. China Economic Journal. 26 (6), 116-142. (Details)
  Galford, Gillian , Fernandez, Margarita, Joe, Roman, Monasterolo, Irene, Ahamed, Sonya, Fiske, Greg, Kaufman, Les, Gonzalez-Diaz, Patricia. 2018. Cuban land use and conservation, from rainforests to coral reefs. Bulletin of Marine Science. 94 (2), 171-191. open access (Details)
  Monasterolo, Irene, Raberto, Marco. 2018. The impact of phasing out fossil fuel subsidies on the low-carbon transition. Energy Policy. (124), 355-370. (Details)
2017 Battiston, Stefano, Mandel, Antoine , Monasterolo, Irene, Schuetze, Franziska, Visentin, Gabriele. 2017. A climate stress test of the financial system. Nature Climate Change 7, 283 -288. (Details)
  Monasterolo, Irene, Howarth, Candice. 2017. Opportunities for knowledge co-production across the energy-food-water nexus: Making interdisciplinary approaches work for better climate decision making. Environmental Science and Policy 75, 103-110. open access (Details)
  Monasterolo, Irene, Raberto, Marco. 2017. The EIRIN Flow-of-funds Behavioural Model of Green Fiscal Policies and Green Sovereign Bonds. Ecological Economics 144, 228-243. (Details)
  Monasterolo, Irene, Battiston, Stefano, Janetos, Anthony C., Zengh, Zoey. 2017. Vulnerable yet relevant: the two dimensions of climate-related financial disclosure. Climatic Change , 1-13. open access (Details)

Chapter in edited volume

2018 Lamperti, Francesco, Monasterolo, Irene, Roventini, Andrea. 2018. Climate Risks, Economics and Finance: Insights from Complex Systems. In: The Systemic Turn in Human and Natural Sciences. A Rock in The Pond, Hrsg. Ulivi, L. 1-23. Contemporary Systems Thinking: Springer. (Details)

Paper presented at an academic conference or symposium

2018 Battiston, Stefano, Monasterolo, Irene. 2018. A carbon risk assessment of central banks’ portfolios under a 2C aligned climate scenarios. Scaling up Green Finance: The Role of Central Banks, Bundesbank, Germany, 8.11-9.11. Invited Talk (Details)
  Naqvi, Syed Ali Asjad, Dunz, Nepomuk, Monasterolo, Irene. 2018. Climate Policies in a North-South Stock-Flow Consistent Model. EAEPE Annual Conference, Nice, France, 06.07-08.07. (Details)
  Dunz, Nepomuk, Monasterolo, Irene, Raberto, Marco. 2018. Don’t forget climate sentiments: real and financial markets’ reactions to climate risks. EAEPE Annual conference, Nice , EAEPE, France, 06.09-08.09. (Details)
2017 Monasterolo, Irene, Raberto, Marco. 2017. Is There a Role for Central Banks in the Low-Carbon Transition? A Stock-Flow Consistent Modelling Approach. Central Banking and Green Finance, Dutch Central Bank, Netherlands, 28.11-29.11. Invited Talk (Details)

Working/discussion paper, preprint

2019 Monasterolo, Irene, Roventini, Andrea, Foxon, Tim J. . 2019. Understanding uncertainty of climate policies and implications for economics and finance: an evolutionary economics approach. (Details)
2018 Battiston, Stefano, Monasterolo, Irene. 2018. The Climate Target Gap Is Widening. Can We Close It by Including Climate Finance in SSPs? (Details)
  Dunz, Nepomuk, Monasterolo, Irene, Raberto, Marco. 2018. The fiscal and financial implications of low-carbon transition policies: insights from emerging countries. open access (Details)

Research report, expert opinion

2018 Campiglio, Emanuele, Monasterolo, Irene, Gnan, Ernest. 2018. Green finance, regulation and monetary policy. Vienna:WU, OeNB, SUERF. (Details)

Projects

2019
Closing the gap between finance and sustainability: A novel methodological framework for climate policies’ evaluation (2019-2020) (Details)
Climate Exposure Tool for Financial Risk Analysis (2019-2020) (Details)
Assessing climate-led social-ecological impacts and opportunities for resilience pathways in the EU bioeconomy (2019-2021) (Details)
2018
Analysis of Carbon Risks in Financial Markets and Austrian Portfolios (2018-2020) (Details)
Possibilities of consciously shaping mobility through the application of the principle of sufficiency in the Austrian context (2018-2019) (Details)
2016
Perception and Evaluation of Regional and Cohesion policies by Europeans and Identification with the Values of Europe (2016-2019) (Details)