Carlo Pasqua
Counsel to the Executive Board
- Current Position
-
Research Analyst
- Fields of interest
-
Macroeconomics and Monetary Economics,Public Economics,Other Special Topics
- Education
- 2020-2022
MSc in Advanced Economics and Finance, Copenhagen Business School (CBS), Copenhagen, Denmark
- 2016-2020
BSc in Economics, Ca' Foscari University of Venice, Venice, Italy
- 2019
Visiting Student, Department of Economics, University of Groningen, Groningen, Netherlands
- Awards
- 2020
Summa Cum Laude BSc in Economics, Ca' Foscari University of Venice
- 24 September 2024
- ECONOMIC BULLETIN - ARTICLEEconomic Bulletin Issue 6, 2024Details
- Abstract
- Nature is crucial to human wellbeing and provides essential ecosystem services that support economic activity. However, the economic value of these services is often undervalued because they are not traded in markets or given a direct monetary value. Nature degradation, including biodiversity loss, threatens the continued provision of these critical services, potentially leading to significant macroeconomic consequences that affect price and financial stability. Recent analysis by the European Central Bank (ECB) revealed that nearly three-quarters of the euro area economy and financial system are critically dependent on healthy ecosystems. Therefore, a systematic, proactive and comprehensive approach to quantifying and assessing the impact of escalating nature-related economic and financial risks on price and financial stability is essential. This article discusses the implications from a central banking perspective, emphasising the importance of an integrated approach to climate change and nature-related risks. It further explores the impact of these risks on our economy and seeks a deeper understanding of the physical impacts of climate change.
- JEL Code
- C80 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→General
C60 : Mathematical and Quantitative Methods→Mathematical Methods, Programming Models, Mathematical and Simulation Modeling→General
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
Q20 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Renewable Resources and Conservation→General
Q50 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→General
- 18 June 2024
- FINANCIAL INTEGRATION AND STRUCTURE BOXFinancial Integration and Structure in the Euro Area 2024Details
- Abstract
- Substantial green and digital investments will be needed to reach the targets set for 2030 and beyond under the Green Deal and the Digital Compass. The EU faces a large gap in funding for these investment needs, raising the question of how private capital can be best mobilised to bridge the gap. This box presents an overview of estimates of green and digital investment needs and discusses some of the challenges to be met, in particular in terms of funding needs
- JEL Code
- Q43 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Energy→Energy and the Macroeconomy
Q50 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→General
O30 : Economic Development, Technological Change, and Growth→Technological Change, Research and Development, Intellectual Property Rights→General
E22 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Capital, Investment, Capacity
H54 : Public Economics→National Government Expenditures and Related Policies→Infrastructures, Other Public Investment and Capital Stock