The climate crisis is increasingly being addressed in the context of central banks and financial regulators. Below, we have compiled relevant research and policy proposals that have been written over the past few years.This is a non-exhaustive list and there is a lot more research out there. Help us by sharing new research and proposals at email@example.com.
Feeling the Heat: Extreme Temperatures and Price Stability
This ECB paper examines the impact of temperature shocks on prices across 48 countries and finds that temperature plays a “non-negligible role” in driving medium-term price developments. It concludes that “climate change matters for price stability”.
The Effects of Natural Disasters on Price Stability in the Euro Area
This discussion paper from the German Institute for Economic Research examines the impact of natural disasters on price stability in the euro area, and finds significant positive effects on overall headline inflation but diverging results at the sub-index level.
Climate Change and Monetary Policy in the Euro Area
This report from the European Central Bank analyses the implications of climate change for the conduct of monetary policy in the euro area. It is one of a number of background papers to the 2021 strategy review, which incorporated climate …
Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero
This policy report examines why EU central banks need to adopt net-zero climate strategies and offers seven concrete recommendations for how they can do so. Jointly published by the London School of Economics’ Grantham Institute and SOAS University of London, …
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