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Bank of England |
Climate Change and the Macro-economy: A Critical Review.
Climatic factors can directly affect economic outcomes such as output, investment and productivity, and understanding the economic consequences of climate change is rapidly becoming a necessity not just for climate economists but also for a wider range of economic professionals involved in modelling and forecasting macroeconomic variables. The focus of this review is on the key theoretical and empirical modelling issues in the analysis of the macroeconomic risks deriving from climate change.
Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector