Template-type: ReDIF-Article 1.0
Author-Name: Alina M. Grebenkina
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University
Title: Monetary Authorities’ Experience in Considering Climate Risks
Title: Опыт монетарных властей по учету климатических рисков 
Abstract: The article provides a review how central banks consider climate risk while achieving goals of monetary policy and financial stability. The areas of considering contain the following: justification of the impact of climate risks on financial risks; conducting climate risk stress tests; introducing climate risks into economic models; obtaining quantitative assessment of the sensitivity of macroeconomic variables to climate risks; adjusting the monetary policy strategy.
The article was written on the basis of the RANEPA state assignment research programme.
Keywords: monetary policy, climate-related risks
Classification-JEL: E52, E58, Q54
Journal: Russian Economic Developments
Year: 2023
Issue: 11
Month: November
Pages: 26-31
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2390.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2390