The impact of monetary policy on risk, stability and financial crises
Since the financial crisis, there has been an active debate about whether and how monetary policy frameworks should incorporate risks to financial stability. The debate has moved beyond the pre-crisis focus on the ability of policymakers to identify asset bubbles and whether monetary policy can stop…
Disasters like Louisiana floods will worsen as planet warms, scientists warn
The historic and devastating floods in Louisiana are the latest in a series of heavy deluges that some climate scientists warn will become even more common as the world continues to warm. On Tuesday, the National Oceanic and Atmospheric Administration (Noaa) is set to classify the Louisian…