Fed has limited tools to combat climate change impact – San Fran Fed paper

change2

While the effects of climate change are relevant to Federal Reserve policy-making, the Fed is not in a position to act forcefully using its monetary policy, an economic letter from the San Francisco Fed says.

In the letter, Glenn Rudebusch looks at several consequences of climate change that are relevant to central banks’ monetary and financial policies. He suggests that central bank economists could do more to research the hazards of climate change and the appropriate policy response.

In

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: