Research Archive
Tackling Fossilflation
This report by Positive Money US analyses the role of “fossilflation” in causing inflation and provides policy recommendations to replace the existing framework that solely relies on the Federal Reserve.
The Impact of Climate Change on Price Stability
Informed by central bankers, this literature review of climate change and inflation studies finds that climatic effects on prices already exist and that climate issues should be incorporated into monetary policy.
Climate Risk Scorecard 2022
US regulators have made significant progress towards addressing climate financial risks over the past year, according to the second iteration of Ceres’ Climate Risk Scorecard. …
How Regional Federal Reserve Banks Can Contend with Economic Risk from Climate Change
This study reviews 40 years of ‘Beige Book’ reporting from the 12 regional US Federal Reserve banks, focusing on their response to climate-related events and offering recommendations to address the growing climate threat to US financial and price stability.
Looking Over the Horizon
This paper by the Roosevelt Institute and Public Citizen argues that safety and soundness supervision is a mechanism that can be deployed quickly and flexibly to guard against emerging financial risks posed by climate change. Although both of the organisations …
Central Bank Communication About Climate Change
This joint Fed and BoJ paper identifies and analyses all climate-related speeches archived by the BIS from 1997 to 2021, and finds they focus on microprudential supervision and regulation rather than macroprudential policy.
Energy Price Stability
This briefing explores the impact of fossil fuels on US inflation and recessions, and argues that the Fed must support the green transition to meet price stability mandates.
Unused Tools: How Central Banks Are Fuelling the Climate Crisis
Central banks could play a critical role in catalysing the rapid shift of financial flows away from fossil fuels, but have instead been tinkering at the edges, according to Oil Change International.
Economic Impacts of Tipping Points in the Climate System
Climate tipping points are one of the principal reasons for concern about climate change but have mostly been ignored by climate economists until recently, this report observes.
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