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Climate and the Macroeconomy: why monetary policy makers are increasingly focusing on the impact of climate risks
As climate change drives more frequent and more severe weather events and as governments across the world implement policies to transition their economies to net zero, the macroeconomic impacts are increasingly materialising over time horizons relevant for monetary policymakers. James Talbot, Executive Director at the Bank of England and Chair of the Network for Greening the Financial System’s (NGFS) workstream on monetary policy, explains why monetary policymakers must understand the macroeconomic impacts of climate change. Drawing on the latest work in this area, he discusses the channels through which climate shocks affect the economy, the trade-offs they can present for policymakers and why central banks need to better understand these risks.
Date:
9 May 2025, 16:00
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Lecture Theatre
Speaker:
James Talbot (Bank of England)
Organising department:
Department of Economics
Booking required?:
Required
Booking url:
https://www.ticketsource.co.uk/department-of-economics-university-of-oxford/t-nopjadj
Audience:
Members of the University only
Editor:
Emma Heritage
