All Insights

Watch, read, or listen to all insights.
Filter by
Insights / Research BriefJun 28, 2021

Central Banking Challenges Posed by Uncertain Climate Change and Natural Disasters

Lars Peter Hansen
In recent years, some central banks have added a new responsibility to their list of tasks: ameliorate the effects of climate change. This could mean monitoring the short- and long-term exposure of financial institutions to climate change, or it could mean actively directing regulated financial institutions to invest in certain industries. In either case, central banks will have to determine how best to anticipate the likely effects of climate change many years into the future.
Topics:  Energy & Environment
Insights / Podcast episodeApr 22, 2021

Are Carbon Offsets Bogus?

Eduardo Porter, Tess Vigeland, Michael Greenstone, Barbara Haya
Some of the world’s largest companies (and biggest emitters of CO2) boast big investments in...
Topics:  Energy & Environment
Insights / Podcast episodeSep 11, 2020

Deep Dive Series – Climate vs. Development: The Global Dilemma

Eduardo Porter, Tess Vigeland, Michael Greenstone, Amir Jina
How you experience the global energy crisis and climate change depends in large part on...
Topics:  Energy & Environment
Insights / Podcast episodeAug 27, 2020

Episode 20: Can COVID Change the Climate?

Eduardo Porter, Tess Vigeland, Michael Greenstone
COVID-19 has prompted a significant decline in carbon emissions, accompanied by extraordinary economic cost. Professor...
Topics:  COVID-19, Energy & Environment
Insights / CommentaryApr 03, 2020

We Should Be Celebrating OPEC’s Price War, Not Trying To End It

Forbes; Ryan Kellogg
Topics:  COVID-19, Energy & Environment
Insights / Research BriefOct 15, 2019

Policy Uncertainty in Japan

In the aftermath of the Financial Crisis (2007-08) and the Great Recession (2007-09), households and firms faced lots of uncertainty, not only about when and how the economy would recover, but also confusion on whether and how the administration, Congress, and the Federal Reserve would react. For families considering the purchase of a new car or a move to another city for a job, and for businesses considering new hires or a plant expansion, this policy uncertainty meant that the prudent choice was often wait-and-see.
Topics:  Financial Markets, Monetary Policy
Insights / Chart

Empirical Trends That Inform Decreasing US Business Dynamism

Panel 1a is taken from Andrews et al. (2016), Panel 1b from Decker et al....
Topics:  Financial Markets, Technology & Innovation
Insights / Research BriefMay 14, 2019

Low Interest Rates, Market Power, and Productivity Growth

In the aftermath of the Financial Crisis and Great Recession of 2007-09, one explanation for the US economy’s low-level growth rate was a depression-era idea known as “secular stagnation,” which posits that such factors as persistent and very low interest rates, and/or wages and prices that remain at consistent levels, weigh down the economy’s growth rate. Interest rates near zero cannot be lowered further to incent borrowing and spending, and without such fuel for the economy, wages and prices become stagnant, or “sticky.” Growth remains sluggish.
Topics:  Financial Markets