Research

Journal publications

• Gourdel, Monasterolo, Dunz, Mazzocchetti and Parisi (2024), The double materiality of climate physical and transition risks in the euro area, in Journal of Financial Stability. DOI: 10.1016/j.jfs.2024.101233
  • Working paper version, ECB working paper No. 2665
  • SUERF Policy Brief, No 436
• Sydow et al. (2024), Shock amplification in an interconnected financial system of banks and investment funds, in Journal of Financial Stability. DOI: 10.1016/j.jfs.2024.101234
  • Working paper version, ECB working paper No. 2581
• Gourdel and Sydow (2023), Non-banks contagion and the uneven mitigation of climate risk, in International Review of Financial Analysis. DOI: 10.1016/j.irfa.2023.102739
  • Working paper version, ECB working paper No. 2757
  • Summary box Dual risk in investment fund climate stress testing in The macroprudential challenge of climate change, by the ECB/ESRB Project Team on climate risk monitoring. European Central Bank and European Systemic Risk Board.
• Monasterolo et al. (2022), Derisking the low-carbon transition: investors’ reaction to climate policies, decarbonization and distributive effects, in Review of Evolutionary Political Economy 3 (1), 31-71. DOI: 10.1007/s43253-021-00062-3

Working papers

• Gourdel and Monasterolo (2022), Climate physical risk, transition spillovers and fiscal stability: an application to Barbados, technical paper for the Task Force on Climate, Development and the IMF

• Gourdel, Monasterolo and Gallagher (2022), Climate transition spillovers and sovereign risk: evidence from Indonesia, technical paper for the Task Force on Climate, Development and the IMF

• Gourdel, Maqui and Sydow (2019), Investment funds under stress, ECB working paper No. 2323

  • Media coverage: Central Banking, CincoDías

Other publications

• Bhandary et al. (2023), Addressing Cross-border Spillover Risks of Climate Transition Policies: The Role of the G20 and IMF, T20 Policy Brief

• Gourdel (2023), Fake it till you green it: climate risk, commitments and regulation for non-banks, in Climate Policy and Green Finance (Quarterly Update) 4, Peking University.

• Task Force on Climate, Development and the IMF. (2023). (R. R. Bhandary & M. Uy, Eds.) The International Monetary Fund, Climate Change and Development: A Preliminary Assessment.

• Cera et al. (2020), The role of bank and non-bank interconnections in amplifying recent financial contagion, in ECB Financial Stability Review Issue 1

Reviewing activity

I have reviewed for the following journals: Journal of Globalization and Development, Journal of Climate Finance, Applied Economics Letters, Climate Policy, Prosperitas.