Julia Giese, Michael McLeay, David Aikman and Sujit Kapadia Central banks have been using a range of monetary policy and macroprudential tools to maintain monetary and financial stability. But when should monetary versus macroprudential tools be used and how should they be combined? Our recent paper develops a macroeconomic model to answer these questions. We … Continue reading Unifying monetary and macroprudential policy
capital
John Hillier, Tom Perkins, Ryan Li, Hannah Bloomfield, Josie Lau, Stefan Claus, Paul Harrington, Shane Latchman and David Humphry In 2022 a sequence of storms (Dudley, Eunice and Franklin) inflicted a variety of hazards on the UK and across Northwest Europe, resulting in £2.5–4.2 billion in insured losses. They dramatically illustrate the potential risk of … Continue reading What if it’s a perfect storm? Stronger evidence that insurers should account for co-occurring weather hazards
Fascist attack on Brazilian Congress, and its financiers, will be punished says new left president Lula da Silva New left-wing Brazilian president Lula da Silva has ordered the National Guard into the country’s capital to quell riots and attacks by fascist supporters of defeated former president Jair Bolsonaro. da Silva, who was only sworn in […]
David Swallow and Chris Faint Policymakers have been investing heavily, to an accelerated timeline, to better understand the financial risks from climate change and to ensure that the financial system is resilient to those risks. Against that background, some commentators have observed that the most carbon-intensive sectors may be subject to the greatest increase in … Continue reading Capitalising climate risks: what are we weighting for?