The implications of climate change for monetary policy

Solveig K. Erlandsen Sui-Jade Ho Danae Kyriakopoulou James Talbot Edwin Millar Climate change and the transition to net zero are reshaping the macroeconomy, with important implications for monetary policymakers’ core price-stability objectives. As physical hazards become more frequent and severe, and as governments’ mitigation policies reallocate resources across the economy, central banks may increasingly face […]