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Climate Change and the Federal Reserve

Author

Listed:
  • Glenn D. Rudebusch

Abstract

Climate change describes the current trend toward higher average global temperatures and accompanying environmental shifts such as rising sea levels and more severe storms, floods, droughts, and heat waves. In coming decades, climate change?and efforts to limit that change and adapt to it?will have increasingly important effects on the U.S. economy. These effects and their associated risks are relevant considerations for the Federal Reserve in fulfilling its mandate for macroeconomic and financial stability.

Suggested Citation

  • Glenn D. Rudebusch, 2019. "Climate Change and the Federal Reserve," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    • Handle: RePEc:fip:fedfel:00189
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    References listed on IDEAS

    as
    1. Sandra Batten, 2018. "Climate change and the macro-economy: a critical review," Bank of England Staff Working Paper series 706, Bank of England.
    2. Maximilian Auffhammer, 2018. "Quantifying Economic Damages from Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 32(4), pages 33-52, Fall.
    Full references (including those not matched with items on IDEAS)

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