{"id":70225,"date":"2026-05-26T12:04:38","date_gmt":"2026-05-26T12:04:38","guid":{"rendered":"https:\/\/www.iseg.ulisboa.pt\/?post_type=event&#038;p=70225"},"modified":"2026-06-02T13:33:02","modified_gmt":"2026-06-02T13:33:02","slug":"iseg-research-seminars-26-art-durnev","status":"publish","type":"event","link":"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/","title":{"rendered":"ISEG Research Seminars \u201926 | Art Durnev"},"content":{"rendered":"<p>On<strong> 8 June<\/strong>, a session of the ISEG Research Seminars will take place from 13.00 to 14.00. The guest speaker will be\u00a0<strong><strong>Art Durnev<\/strong>\u00a0<\/strong>from\u00a0<a href=\"https:\/\/eur02.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fscholar.google.nl%2Fcitations%3Fview_op%3Dview_org%26hl%3Dnl%26org%3D3980942835024034288&amp;data=05%7C02%7Cemiliadesousa%40iseg.ulisboa.pt%7C2d682e92a2694debfdd508deb4c790b6%7C9c184083de204859968c96f26db0bfe1%7C0%7C0%7C639146966373207931%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=hSSKbtejZNRBEg0fIysRK%2BwmRIBFBYqzndtrc3yQu4w%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener\">Robins School of Richmond<\/a>. The seminar will take place in the Novo Banco lecture theatre (Quelhas Building, 4th floor).<\/p>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/2026\/02\/iseg-research-seminars26\/\" target=\"_blank\" rel=\"noreferrer noopener\">ISEG Research Seminars<\/a>&nbsp;are held every week on Wednesdays, with the participation of professors from ISEG, as well as from other Portuguese and international educational institutions.<\/p>\n\n\n\n<p><strong>Title<\/strong><\/p>\n\n\n\n<p>When AI Meets Nuclear Power: Energy Choice, AI Adoption and Financial Fragility<\/p>\n\n\n\n<p><strong>Abstract<\/strong><\/p>\n\n\n\n<p>I develop a macro-finance model of Artificial Intelligence (AI) adoption and energy choice by companies. While nuclear energy provides more stable power sources, the resulting widespread AI deployment can endogenously reintroduce instability by magnifying firms\u2019 exposure to shocks. This is because AI adoption raises productivity but replaces labor, increasing capital intensity and reducing labor stabilizing role. The model produces a nonlinear relationship between nuclear reliance, firm volatility, valuation, investment, and cross-sectional differences driven by firms\u2019 AI sensitivity. Empirical work in progress combines firm-level AI measures, state nuclear variation, and international patent data. I find preliminary support for the model's central mechanisms. The results highlight the need for policy frameworks that simultaneously encourage AI productivity gains, while managing heightened systemic risk and incentivizing low-volatility energy infrastructures.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_MetaTag-2.png\" alt=\"\" class=\"wp-image-67937\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_MetaTag-2.png 1200w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_MetaTag-2-300x158.png 300w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_MetaTag-2-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"On June 8, between 1:00 p.m. and 2:00 p.m., an ISEG Research Seminar will be held. The guest speaker will be Art Durnev from the Robins School of Richmond. This session will take place [\u2026]","protected":false},"featured_media":67666,"template":"","topic":[1401,3424],"event_type":[1155],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ISEG Research Seminars \u201926 | Art Durnev - ISEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/\",\"name\":\"ISEG Research Seminars \u201926 | Art Durnev - ISEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"datePublished\":\"2026-05-26T12:04:38+00:00\",\"dateModified\":\"2026-06-02T13:33:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/#primaryimage\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"contentUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-art-durnev\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.iseg.ulisboa.pt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ISEG Research Seminars \u201926 | Art Durnev\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/\",\"name\":\"ISEG\",\"description\":\"Lisbon School of Economics &amp; 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O orador convidado ser\u00e1\u00a0Art Durnev\u00a0da\u00a0Robins School of Richmond. Esta sess\u00e3o decorre&nbsp;[...]","_links":{"self":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/70225"}],"collection":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/types\/event"}],"version-history":[{"count":0,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/70225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media\/67666"}],"wp:attachment":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media?parent=70225"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/topic?post=70225"},{"taxonomy":"event_type","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event_type?post=70225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}