The E-axes Forum on Climate Change, Macroeconomics, and Finance

Climate change can pose risks to banks through the transition to a low-carbon economy. Hyeyoon Jung (New York Federal Reserve Bank) and her co-authors João A.C. Santos, and Lee Seltzer in their new paper investigate the impact of climate transition policies on U.S. banks' credit risk. Their results are surprising.

With the expiration of many tax cuts and unmet climate targets, 2025 could be a crucial year for climate policy in the United States. During this webinar, Catherine Wolfram (MIT) will assess climate policies that the U.S. federal government may consider going forward.

Anh H. Le (Goethe University Frankfurt) highlights the need for heterogeneous responses to transition risk, such as macroprudential policies, carbon market permits, green quantitative easing, and green bonds

The E-axes Forum 

Research Prize



University of Chicago
Harvard University
Federal Reserve Board



Watch our Webinars

Our twice-monthly webinars host experts, both academics and policymakers, addressing key issues in climate-change and related fiscal and monetary policies. Watch the presentations live or view the archived videos and download event materials.

Monthly Digests and Policy Briefs

Our monthly Digests distill complex academic papers into an accessible format, and enable readers to efficiently keep up with this rapidly evolving research area.

Our Policy Briefs contextualize recent scientific findings within policy conversations and illuminate evidence-based pathways for climate action.

Subscribe to our free monthly newsletter to receive both our publications and information on our webinars at the beginning of every month. 


Explore policies and research with two interactive trackers

The Green Monetary and Financial Policies (GMFP) Tracker  maps the global landscape of monetary and financial policies aimed at mitigating climate risk.

The Literature on Climate, Macroeconomics and, Finance (LitCMF) Tracker aggregates literature on climate economics and organizes it around relevant clusters.

These trackers enable policymakers, businesses, investors, researchers, and civil society to make informed decisions towards decarbonization and climate resilience that maximize societal benefits.


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Members share their insights, ask questions, engage in conversations, and upload their research in a structured and searchable network platform.

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