Professor and Director of Undergraduate Studies at Universidad Torcuato Di Tella, School of Business. CV: Belfiori_Vita.pdf
Professor and Director of Undergraduate Studies at Universidad Torcuato Di Tella, School of Business. CV: Belfiori_Vita.pdf
Ph.D. in Economics, University of Minnesota.
I am a macroeconomist working at the intersection of macroeconomics, climate economics, and public finance. My research focuses on the optimal design of climate policy, with applications to demographic change, inequality, fiscal policy, and intergenerational equity.
Since 2020, I have served as Director of Undergraduate Studies at Torcuato Di Tella University, overseeing the Business Economics and Business Administration programs. I lead the academic planning and strategic development of both programs, working closely with faculty and staff on curriculum design and program management.
CESifo Distinguished Affiliate (Award)
UTDT Premio a la Excelencia en la Investigación (Premio)
Editor at Economia LACEA Journal
Mail to: elisabelfiori@gmail.com
Old Rich, Young Poor: Demographic Transitions and the Climate Agenda, with Eduardo Levy-Yeyati. 2026
Environmental Financial Risks: A Central Banking Perspective, with H. Aguirre, K. Aguirre, J. Ayres, V. de la Puente Álvarez, and D. Rodríguez-Novoa. 2026
Unequal Climate Policy in an Unequal World, with Daniel Carroll @Cleveland FED and Sewon Hur @Yonsei University. (R&R Journal of Political Economy)
Climate Inequality: Carbon Capture for Redistribution, with Manuel Macera. Accepted @ Journal of Public Economic Theory, 2026.
Optimal Climate Policy with Demographic Transitions, with Manuel Macera. The Economic Journal, 2025.
Needed: a Price for Carbon Capture. Environment and Development Economics, page 1-21, 2025.
Demographic Changes and Social Discounting, with Manuel Macera, Economics Letters, Volume 256, 2025.
Implicit Carbon Prices: Making do with the taxes we have, with Armon Rezai. Journal of Environmental Economics and Management, 2024.
Fossil fuel subsidies, the green paradox and the fiscal paradox. Economics of Energy and Environmental Policy, 2021.
Climate change and intergenerational equity: Revisiting the uniform taxation principle on carbon energy inputs. Energy Policy, 2018.
Carbon Pricing, Carbon Sequestration, and Social Discounting (Paper). European Economic Review, 2017. Awarded the 2016 CESifo Distinguished Research Affiliate Award in Energy and Climate Economics.
Time Consistent Climate Policies In: Political Economy And Instruments of Environmental Politics. The MIT Press, 2015. Peer-reviewed. (Paper)
Climate Change and Economic Growth: Lessons from Argentina. Belfiori, Elisa and Gertner, Gastón. Editors. SpringerBriefs in Latin American Studies. Peer-reviewed. Springer. December 2025.
The Economics of Climate Change in Argentina. Belfiori, Elisa and Rabassa, Mariano J. Editors. The Latin American Studies Book Series, 2021. Peer-reviewed.
Carbon Pricing in Agriculture and Livestock, with Daniel Perczyk @Fundación Torcuato Di Tella. 2025.
No Brainers in Argentina's Climate Policy (Book) In: No Brainers and Low-Hanging Fruit in National Climate Policy. CEPR PRESS, 2021.
Carbon taxes and renewable energy: a discussion about the Green paradox In: The Economics of Climate Change in Argentina. The Latin American Studies Book Series. Springer, 2021. Peer-reviewed.
Carbon Taxes and Inequality: A Sufficient Statistic Approach, with Sewon Hur @Federal Reserve Bank of Dallas.