Climate Risks in Financial Assets
Emanuele Campiglio,
Pierre Monnin and
Adrian von Jagow | 4 November 2019
Discussion Notes,
Monetary | Tags:
Asset prices,
Climate risk,
Climate stress tests This note reviews the empirical evidence available in the academic literature about the impact of climate-related risks on financial assets. It addresses three main questions: does climate change already affect financial asset returns? What is the potential impact of future climate-related costs on financial asset
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Governing Finance for Sustainability
Washington D.C., 16 October 2019 Monetary,
Panel | Tags:
Central Banks,
Financial Regulation,
Governing Finance The nexus between financial governance, macroeconomic and financial stability, social cohesion, and environmental sustainability has become the subject of a growing debate among policymakers and market participants. Current beliefs on central banking and financial regulation are being questioned in the face of systemic challenges such
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Unconventional Monetary Policy and Inequality – Is Japan Unique?
Ayako Saiki and
Jon Frost | 20 September 2019
Monetary,
Working Papers | Tags:
Inequality,
Japan,
Quantitative Easing For over a decade, but especially since the start of Abenomics in 2013, the Bank of Japan (BoJ) has been increasing the monetary base rapidly by implementing an unconventional monetary policy (UMP). In a 2014 study, we found that Japan’s UMP had increased income inequality.
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Governing Finance for Sustainability – Advancing the Debate
8-9 July 2019 | Zurich, Switzerland | By Invitation Monetary,
Roundtables | Tags:
Central Banks,
Financial Regulation,
Governing Finance As highlighted by Benoît Cœuré from the ECB in his keynote on “Monetary Policy and Climate Change” last November, there is an accelerating momentum to move sustainability up financial market agendas worldwide. A key aspect of this development is the growing acceptance that the linkages
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The Low-Skill Losers
Karen Petrou | 30 April 2019
Blog,
Monetary | Tags:
Employment,
Federal Reserve,
Inequality,
QE The Fed is devoting increasing analytical – if not yet policy-maker – attention to the unequalizing impact of unconventional policy. It’s a start – a major problem besetting central banks in countries without a robust middle class – i.e., the U.S. – is that
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