Extreme heat is taking a toll on workers.

New research shows how a 3-degree Celsius warming scenario will have negative impacts on labor supply globally.

Dive into why this is the Fed's business in our latest #FedLit📖
https://fedlit.substack.com/p/issue-7-extreme-heat-decreased-labor

🎧 This month's #FedLit is an interview with Sarah Bloom Raskin, @karlsson-kris.bsky.social, and David Barmes, Senior Fellow at @granthamlse.bsky.social.

They unpack “adaptive inflation targeting” & how central banks are navigating climate-driven economic shocks. fedlit.substack.com/p/issue-6-ad...

📈 Climate change is driving inflation—and the Fed’s playbook isn’t built for it.

Sarah Bloom Raskin & @karlsson-kris.bsky.social break down adaptive inflation targeting: a smarter way to tackle climate shocks without stalling the green transition. #FedLit 🌍💸 fedlit.substack.com/p/issue-5-su...

Curious about how climate risk shapes the future of central banking?

Make sure you're subscribed to #FedLit 💡!

Each month Sarah Bloom Raskin & @karlsson-kris.bsky.social ‬break down critical research on financial stability and climate’s impact. fedlit.substack.com/

💡New research shows rising temps could tank sovereign credit ratings—costing the US up to $95B by the year 2100.

In the latest #FedLit, Sarah Bloom Raskin & @karlsson-kris.bsky.social break down the bond market risks—and why the Fed should care. 🌍 fedlit.substack.com/p/issue-4-gl...

Yesterday at a hearing with the Senate Environment and Public Works Committee, Senators Whitehouse and Wyden sounded the alarm: climate-driven insurance collapse is a threat to families—and to financial stability.

The costs are already hitting families. www.youtube.com/watch?v=rgjr...

Another great read from @karlsson-kris.bsky.social and Sarah Bloom Raskin!

NEW: "Mapping the Home Insurance Crisis" contains a series of interactive maps and tables to help people make sense of the climate change-fueled home insurance crisis.

A collaboration with @publiccitizen.bsky.social.

🧵 ⬇️

Fed Lit #2 is out now! The paper we profiled demonstrates the role uncertainty plays in amplifying the econ impacts of climate risk. In light of recent "bad vibes" data tracking consumer sentiment/uncertainty - this analysis shows that vibes + material temperature changes = real economy stagnation.

🔥 Rising temperatures + unpredictable economic policy = a recipe for stagnation. States with high policy uncertainty face 10x the economic hit from climate risk.

More in the latest #FedLit from Sarah Bloom Raskin & @karlsson-kris.bsky.social: fedlit.substack.com/p/issue-2-cl...

Our 1st #FedLit post focuses on insurance market dynamics in Florida. We learned a lot from Ishita Sen Parinitha Sastry and Ana Maria Tenekedjieva about how fragile, often insolvent, insurers that dominate the market in Florida, drive increased mortgage delinquencies after climate disasters. 👀👇

🌪️ Climate disasters are hitting insurance and housing markets.

In the first #FedLit issue, @karlsson-kris.bsky.social & Sarah Bloom Raskin explore how fragile insurers and mortgage delinquencies are tied to climate risk—and why the Fed must act. fedlit.substack.com/p/issue-1-cl...

Hi new bluesky friends! Today Sarah Bloom Raskin and I launched a newsletter - FedLit. We'll be discussing critical climate risk literature and the stakes for central bankers. Maybe we'll nag the Fed into reading along with us. I hope you'll consider subscribing, our first issue drops next week!

It's worth noting that the risks between short-term insurance policies, long-term mortgages, and climate change aren't new, even if we're seeing increasingly dire examples of how it can manifest.

I wrote this in 2020: papers.ssrn.com/sol3/papers....