Assist. Prof. of Climate Economics and Finance, Vienna University of Economics and Business
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 a post-doctoral specialization 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 thus 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 peer reviewed academic journals, such as Nature Climate Change, Climatic Change and Ecological Economics. 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.