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Climate Change and the Federal Reserve

Climate Change and the Federal Reserve

Full Title: Climate Change and the Federal Reserve
Author(s): Glenn D. Rudebusch
Publisher(s): Research from the Federal Reserve Bank of San Francisco
Publication Date: March 1, 2019
Full Text: Download Resource
Description (excerpt):

Climate change describes the current trend toward higher average global temperatures and accompanying environmental shifts such as rising sea levels and more severe storms, floods, droughts, and heat waves. In coming decades, climate change—and efforts to limit that change and adapt to it—will have increasingly important effects on the U.S. economy. These effects and their associated risks are relevant considerations for the Federal Reserve in fulfilling its mandate for macroeconomic and financial stability.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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