Modelling the economic impact of climate change: is a stagflationary shock looming?
In a roundtable discussion with the Czech National Bank, speakers will examine the climate change modelling instruments currently available to central banks, including macroeconomic modelling and the quantification of the impact of climate change on the global economy. A key topic for discussion will be whether climate change will lead to stagflationary economic global impacts, and how this can be addressed by tighter monetary policy.
Speakers:
Martin Motl, Senior Economist, Czech National Bank
JaromÃr Tonner, Senior Economist, Czech National Bank
Timings:
14:00-15:00 (London)
09:00-10:00 (New York)
21:00-22:00 (Singapore)
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
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The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector.
Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements.