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.
The minutes from the December meeting of the Federal Open Market Committee showed the central bank believed the time to begin removing policy accommodation was near and that policymakers favor interest rates over balance-sheet reduction as the primary tool.
Omicron is substantially more contagious than previous variants of the virus that causes COVID-19, and even if it is much less virulent, it is already doing significant economic damage.
The Delta variant of the virus hit us hard this fall, costing more lives and doing more economic damage, this time by igniting long-dormant inflation.
Macroeconomic Consequences of the Infrastructure Investment and Jobs Act & Build Back Better Framework
In this white paper, we assess the macroeconomic impact of both the bipartisan infrastructure deal legislation and the reconciliation package of social spending and tax changes.
The nation faces a dramatic housing shortage, sending home prices and rents through the roof all over the country.
But the law of demand is delaying the supply-side response to higher prices.
Congress just punted the decision on the nation's debt limit until the end of this year, and financial markets are relieved.
During the COVID-19 pandemic, the nation's longstanding racial inequities have been laid bare. The health and finances of families of color have been disproportionately hurt and racially charged civil strife has wracked much of the nation.
There are the massive legislative efforts to increase spending on infrastructure and fiscal support for a range of social programs and climate change
The rapid aging of the U.S. population is putting a serious strain on the people, institutions and businesses that provide much-needed assistance to the elderly and disabled.