Alla Semenova

Analyzes climate change impacts and adaptation in Texas, a vital and important region in the United States. Illustrates the ways in which every aspect of life in Texas could be affected by climate change and the severe risks posed to the future well-being of Texans.

Examines how climate change is driving sharp increases in homeowners’ insurance costs and causing insurers to reduce coverage or leave high-risk areas altogether. Argues that rising insurance premiums and declining coverage availability are creating broader threats to housing affordability, homeownership, and financial stability, especially for lower-income households and communities already vulnerable to climate-related disasters.

Documents the stages along Dr. Semenova's path as an undergraduate and graduate economics student at the University of Missouri–Kansas City. Discusses her early research on the nature and origins of money, and the history of monetary thought. Provides an overview of her current research on the large-scale economic effects of climate change.

Analyzes how climate change has been a relatively overlooked contributor to recent inflationary trends. Finds that a transition to a global degrowth-based economic system may prove the only viable approach to mitigating climate change and the risks of climate-change-driven inflation. Discusses how Modern Money Theory (MMT) has been commonly associated with growth-oriented public policies and public sector-supported productive capacity expansion, and how it could be effectively utilized as a policy toolkit for a degrowth transition instead.

Examines the Chartalist perspective of money upon which Modern Monetary Theory is based. Outlines the role of the state and taxation within a monetary system, emphasizing money's function as a unit of account and situating money within an underlying system of debt relations and power imbalances. Compares the Chartalist and Metallist approaches, highlighting the main differences between these two perspectives on money.

Highlights the role of climate change as a persistent, systemic, long-term driver of inflation. Illustrates how the inflationary impacts of climate change have been commonly overlooked in the economic research. Finds that as global temperatures rise and extreme weather events become more frequent and severe, the inflationary effects of climate change will only intensify. Emphasizes that climate change poses a serious threat to central banks’ ability to maintain price stability mandates.