Climate change and monetary policy in Latin America and the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2025/22
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.jobNumberS2500093_en
cepal.regionalOfficeSantiago
cepal.sdg13
cepal.sdg1
cepal.topicEngCLIMATE CHANGE
cepal.topicEngMACROECONOMICS
cepal.topicEngECONOMIC GROWTH
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicSpaCAMBIO CLIMÁTICO
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorPedersen, Michael
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2025-06-30T16:57:36Z
dc.date.available2025-06-30T16:57:36Z
dc.date.issued2025-06-30
dc.description.abstractClimate change poses significant challenges to economic stability, particularly in vulnerable regions such as Latin America and the Caribbean (LAC). This paper examines the macroeconomic and monetary policy implications of climate risks in the region, focusing on both physical and transition risks. Physical risks, including extreme weather events and long-term climate shifts, disrupt productivity, infrastructure, and supply chains, intensifying inflationary pressures and hindering economic growth. Transition risks, driven by the shift to a low-carbon economy, impact key industries and labor markets, while also creating opportunities for green investments and innovation. The study explores how climate change disrupts the traditional monetary policy transmission mechanism, requiring central banks to adapt their frameworks and tools. It emphasizes the crucial role of central banks in integrating climate risks into monetary policy, promoting sustainable finance, and collaborating with fiscal authorities to enhance climate resilience. The findings highlight the importance of robust data collection, policy coordination, and regional cooperation to address these challenges effectively. By tailoring monetary policies to the LAC region’s distinct socio-economic and environmental context, central banks can play a key role in mitigating climate-related disruptions and fostering sustainable growth.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. Macroeconomic risks related to climate change in Latin America and the Caribbean .-- II. Monetary policy and climate change .-- III. Conclusions: challenges for monetary policy in Latin America and the Caribbean.
dc.formatTexto
dc.format.extent37 pages.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2025/22
dc.identifier.urihttps://hdl.handle.net/11362/81906
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo220
dc.subject.unbisEngCLIMATE CHANGE
dc.subject.unbisEngECONOMIC ASPECTS
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisSpaCAMBIO CLIMATICO
dc.subject.unbisSpaASPECTOS ECONOMICOS
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaPOLITICA MONETARIA
dc.titleClimate change and monetary policy in Latin America and the Caribbean
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isAuthorOfPublication71a4f555-3e68-4f2a-9f23-296e93772a96
relation.isAuthorOfPublication.latestForDiscovery71a4f555-3e68-4f2a-9f23-296e93772a96
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