Assessing Bank of England’s Climate Risk Scenarios
Global central banks and regulators are increasingly focused on the risks climate change poses to the global financial system.
The Bank of England’s recent climate risk stress test is the latest effort. In this webinar, we discuss the BOE’s climate risk scenarios, our methodologies for expanding them to a wide range of economic, financial, and demographic variables across the world, and the implications for future efforts by central banks to gauge climate risks.
Join Mark Zandi, Chief Economist; Marisa DiNatale, Senior Director; and Chris Lafakis, Director, as they discuss climate change scenarios and their implications on central banks.
Related Articles
Fiscal State of the Union
Fiscal policy since the COVID-19 pandemic hit three years ago has been critical in supporting the U.S. economy's quick and full revival.
Weekly Market Outlook: Shaken, Not Rattled
Recent U.S. bank failures are disconcerting to watch, but they are not symptomatic of a serious broader problem in the financial system.
Financial System Shaken, Not Rattled
Recent U.S. bank failures are disconcerting to watch, but they are not symptomatic of a serious broader problem in the financial system; policymakers' aggressive response should ensure the failures do not weaken the system or the fragile economy.
Going Down the Debt Limit Rabbit Hole
The U.S. Treasury is quickly approaching the X-date—the day it will not have enough cash to pay all of the federal government's bills on time.
Weekly Market Outlook: Reading Between the Lines
The release of the minutes from the Federal Open Market Committee's February meeting provided additional insight into the Fed's current thinking.
Debt Limit Brinkmanship (Again)
Odds that lawmakers blunder either out of intent or ineptness are uncomfortably high
Slowcession
Recession is a serious threat. But the Moody's Analytics baseline forecast—the most-likely outlook—holds that the economy will avoid a downturn. Call it a slowcession.
The Macroeconomic Cost of Climate Inaction
Rising global temperatures caused by increasing greenhouse gas pollution pose substantial risks to the global economy.
Weekly Market Outlook: Vulnerable U.S. Economy Faces Test
OPEC+ announced a significant cut to its collective output limit, just as the U.S. economy is vulnerable and financial market conditions have tightened.
Weekly Market Outlook: No Clipping Hawks' Wings
If there was any doubt that the Federal Reserve was serious about taming inflation, it should be gone after the September meeting of the Federal Open Market Committee as it hiked the target range for the fed funds rate by 75 basis points and signaled a noticeably higher terminal rate than previously thought.
