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Despite the increasing interest in climate change in the central bank community, we still know relatively little about the impact on medium-term inflationary pressure. Experts have explored new evidence for a panel of advanced and emerging economies on the impact of very high temperatures on prices. Extreme temperatures have noticeable effects on price developments even in the medium term, although more so in emerging than in advanced economies.
Donata Faccia, Miles Parker, Livio Stracca 12 November 2021 Despite the increasing interest in climate change in the central bank community, we still know relatively little about the impact on medium-term inflationary pressure. This column discusses new evidence for a panel of advanced and emerging economies on the impact of very high temperatures on prices.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
