Research

Forschung

Main Research Interests

  • Agent-based Economics and Simulation
  • Complexity Economics
  • Green Central Banking
  • Climate-related Financial Policies, Supervision & Regulation
  • Macroeconomics
  • Monetary and Financial Economics
  • Sustainable Finance

Selected Publications

Additional information can be found on her Google Scholar profile and ORCID page.

Articles in peer-reviewed journals

D’Orazio, P., Schafer, D., Stephan, A. (2024, forthcoming). Macro-financial Policy at the Crossroad: Addressing Climate Change, Biodiversity Loss, and Environmental Degradation - Introduction to the Special Issue, Eurasian Economic Review

D’Orazio, P., Hertel, T., Kasbrink, F. (2024, accepted for publication). No need to worry? Estimating the exposure of the German banking sector to climate-related transition risks, Journal of Sustainable Finance & Investment

Hoffart, F., D’Orazio, P., Kemfert, C., Holz, F. (2024). Exploring the Interdependence of Climate, Finance, Energy, and Geopolitics: A Conceptual Framework for Systemic Risks amidst Multiple Crises, Applied Energy, Volume 361, 1 May 2024, 122885

D’Orazio, P. (2023). Charting the complexities of a post-COVID energy transition: emerging research frontiers for a sustainable future. Energy Research and Social Science, Volume 108, February 2024, 103365

D' Orazio, P. (2023). Navigating financial stability through the dual challenges of climate change and pandemics, Current Opinion in Environmental Sustainability 65, 101386

D’Orazio, P., (2023). Banking for Sustainability: A Necessary Global Shift, One Earth, Volume 6, Issue 10, 20 October 2023, Pages 1271-1276

D’Orazio, P. (2023). A global database for climate-related financial policies. BMC Research Notes, 16(1), 137.

D'Orazio, P., (2023) Are the current prudential regulatory responses up to the challenge of climate and environmental risks to financial stability?, Intereconomics - Review of European Economic Policy, vol. 58/2, pp. 96-101

D'Orazio, P. (2023). Dataset for the climate-related financial policy index (CRFPI), Data in Brief, 109044

D'Orazio, P. (2023). Climate change and macro-financial risks: policy responses for an orderly low-carbon transition, Environmental Research Climate, IOP Publishing, Volume 2, Number 1 013002

D'Orazio, P., Popoyan, L. (2023). Do monetary policy mandates and financial stability governance structures matter for the adoption of climate-related financial policies?; International Economics, Volume 173, May 2023, pp. 284-295

Hoffart, F., D’Orazio, P., Kemfert, C., (2022). Geopolitical and climate risks threaten financial stability and energy transitions, Energy Proceedings, Volume 29: Closing Carbon Cycles – A Transformation Process Involving Technology, Economy, and Society: Part IV, 

D'Orazio, P., Thole, S. (2022) Climate-related financial policy index: a composite index to compare the engagement in green financial policy-making at the global level. Ecological Indicators, 141, 109065.

D'Orazio, P., Popoyan, L. (2022). Realizing central banks' climate ambitions through financial stability mandates; Intereconomics - Review of European Economic Policy 57(2), 103-111.

D'Orazio, P., (2021, online first) Mapping the emergence and diffusion of climate-related financial policies. Evidence from a cluster analysis on G20 countries; International Economics; Volume 169, May 2022, Pages 135-147

D'Orazio, P., (2021) Towards a post-pandemic policy framework to manage climate-related financial risks and resilience, Climate Policy, 21:10, 1368-1382

D'Orazio, P., (2021, online first) Mapping the emergence and diffusion of climate-related financial policies. Evidence from a cluster analysis on G20 countries; International Economics; Volume 169, May 2022, Pages 135-147

D'Orazio, P., (2021) Towards a post-pandemic policy framework to manage climate-related financial risks and resilience, Climate Policy, 21:10, 1368-1382

D'Orazio, P., Dirks M. (2021, online first) Exploring the effects of climate-related financial policies on carbon emissions in G20 countries: a panel quantile regression approach; Environmental Science and Pollution Research, vol. 29/2022, pp. 7678-7702

D'Orazio, P., Löwenstein, P., (2020, online first) Mobilising investment in renewable energy in Germany: which role for public investment banks?, Journal of Sustainable Finance & Investment 12:2, 451-474; April 2022

D'Orazio, P., Popoyan, L., (2019) Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?, Ecological Economics, vol 160, Pages 25-37

D'Orazio, P., (2019, online first) Explaining the emergence of crises: the role of consumer debt, income inequality and banking regulation., Economic Modeling, 82. 308-331, 2020

D'Orazio, P. Valente, M., (2018, online first) The role of finance in environmental innovation diffusion: an evolutionary modeling approach, Journal of Economic Behavior and Organization, Volume 162, Pages 417-439, 2019

D'Orazio, P., (2017) Big Data and Complexity. Is Macroeconomics heading towards a new paradigm?, Journal of Economic Methodology, vol. 24, n. 4, pp. 410-429

Articles in peer-reviewed volumes and books

D'Orazio, P., (2023) The role of bank regulators in the promotion of green and climate finance, book chapter in Sustainable Finance and ESG - Risk, Management, Regulations, and Implications for Financial Institutions, Palgrave Macmillan Studies in Banking and Financial Institutions, ISBN: 978-3- 031-24282-3 (edited by C. Gaganis, F. Pasiouras, M. Tasiou, C. Zopounidis)

D'Orazio, P., (2023) The politics of climate finance and policy initiatives to promote sustainable finance and ESG issue, book chapter in Sustainable Finance and ESG - Risk, Management, Regulations, and Implications for Financial Institutions, Palgrave Macmillan Studies in Banking and Financial Institutions, ISBN: 978-3-031-24282-3 (edited by C. Gaganis, F. Pasiouras, M. Tasiou, C. Zopounidis)

Policy papers and contributions on newspapers and magazines

D’Orazio, P., COVID-19 and Climate Risks: What are the Consequences for Financial Market Stability?, SUERF Policy Brief, No 780, January 2024

D'Orazio, P., Measuring the engagement in climate-related financial policymaking: the climate-related financial policy index, SUERF Policy Brief, No 383, July 2022

D'Orazio, P., What explains the emergence and diffusion of climate-related financial policies in G20 countries?, SUERF Policy Brief, No 254, December 2021

D'Orazio, P., Prudential responses to COVID-19 in G20 countries: a missed opportunity to enhance “green” financial policy and regulations? , SUERF Policy Brief, No 186, September 2021

University News