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
Weekly Market Outlook: The Ramifications of the Baltimore Bridge Collapse
The shocking collapse of the Francis Scott Key Bridge in Baltimore will reverberate for years.
Weekly Market Outlook: Holding Steady
The U.S. economy is performing well, and near-term prospects are good, as the economy remains resilient.
Weekly Market Outlook: Existing-Home Sales Pick Up
Existing-home sales rebounded in January, climbing 3.1% to a seasonally adjusted annual rate of 4 million, slightly above consensus expectations for 3.97 million sales.
Weekly Market Outlook: Explaining the Standstill in Auto Credit
The check-engine light is on for the auto credit market.
Weekly Market Outlook: No Surprise in September CPI
September's consumer price index, as Moody's Analytics expected, showed a 0.4% monthly increase that held the annual inflation rate at 3.7%.
Weekly Market Outlook: Who Has the Savings, and How Much?
Since excess savings are measured as the amount saved in excess of what would have been saved if the pandemic had not occurred, it is clear that the more time passes, the more uncertain assumptions about the underlying trend in saving becomes.
Weekly Market Outlook: Retail Sales Still Chasing Inflation
U.S. retail sales continue to grow at a modest pace that is barely keeping up with inflation.
Weekly Market Outlook: Fed Minutes Reinforce Softened Stance
The Federal Open Market Committee softened its tone in May's post-meeting statement, a sentiment reinforced within the FOMC meeting minutes.
Debt Limit Scenario Update
The Treasury debt limit drama is fast approaching its finale. Congress and the Biden administration have no more than a month before the Treasury runs out of enough cash to pay all of the government's bills on time. Here, we update our analysis of two alternative scenarios that bookend the economic impact if lawmakers do not act in time and there is a breach of the limit.
The Debt Limit Drama Heats Up
The political drama over the Treasury debt limit is suddenly heating up.
