FRB - "Building Climate Scenario Analysis on the Foundations of Economic Research"

Title: Building Climate Scenario Analysis on the Foundations of Economic Research Source: FRB Data/Action: Speeches Date: 10/7/2021 Text Preview: ...climate scenario analysis. 1 Economic analysis suggests that climate change could have profound consequences for the level, trend growth, and variability of economic... ...Climate change is projected to have profound effects on the economy and the financial system, and it is already inflicting damage. The Sixth Assessment Report by the Intergovernmental Panel on Climate Change... ...The total cost of U.S. weather and climate disasters over the last 5 full years exceeds $630 billion, which is a record. 3 During this period, massive flooding...