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Environmental Economics and Policy

Name: Environmental Economics and Policy
Start: 2022-05-06T09:15:00-04:00
End: 2022-05-06T18:00:00-04:00
Location: Federal Reserve Bank of New York

May 6, 2022 @ 9:15 am – 6:00 pm EDT

On Friday, May 6, 2022, the Federal Reserve Bank of New York and Columbia University Center for Environmental Economics and Policy (CEEP) will jointly host an in-person conference on environmental economics and policy, with speakers including New York Fed President John C. Williams and a keynote address by Ben Harris, Assistant Secretary for Economic Policy at the U. S. Department of Treasury.

Economists will present research on topics including how low-income communities are disproportionately impacted by climate risks, the unintended consequences of mandatory flood insurance, and how different neighborhoods react to flooding. A reception will follow.

Event Details

Date and Time
May 6, 2022
9:15am – 6:00pm ET

Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY

Audience
This event is open to the public and media. Registration is available through the registration link. All remarks are on the record and the event will be recorded. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.

Agenda

9:15-9:30 am

Opening remarks

John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York

9:30-12:00 pm

Session 1: Unequal Effects of Climate Change

Moderator: Charles Taylor, Columbia University

9:30-10:15 am

Surge of Inequality: How Different Neighborhoods React to Flooding

Ana Varela Varela, Assistant Professor, University of Amsterdam

10:15-11:00 am

Within City Disparate Temperature Effects Of Climate Change

Presenter: Clara Berestycki, Columbia University
(Co-author: Wolfram Schlenker, Professor, Columbia University)

11:00-11:15 am

Break

11:15-12:00 pm

Unintended Consequences of “Mandatory” Flood Insurance

Presenter: Kristian Blickle, Financial Economist, Federal Reserve Bank of New York
(Co-author: Joao Santos, Policy Leader for Microprudential Supervision, Federal Reserve Bank of New York)

12:00-1:00 pm

Lunch

1:00-2:00 pm

Keynote Address

Ben Harris, Assistant Secretary for Economic Policy, U.S. Department of Treasury

2:30-5:00 pm

Session II: Economic And Financial Stability Under A Changing Climate

Moderator: Tarikua Erda, Columbia University

2:30-3:15 pm

Climate Stress Testing

Presenter: Hyeyoon Jung, Economist, Federal Reserve Bank of New York
(Co-authors: Robert Engel, Professor, Stern School of Business, NYU; Richard Berner, Professor, Stern School of Business, NYU)

3:15-4:00 pm

Global Warming and Labor Market Reallocation

Jose-Luis Cruz, Princeton University

4:00-4:15 pm

Break

4:15-5:00 pm

Mitigating Disaster Risks in the Age of Climate Change

Presenter: Harrison Hong, Professor, Columbia University
(Co-authors: Neng Wang, Professor, Columbia University; Jingiang Yang, Professor, Shanghai University of Finance and Economics)

5:00-5:05 pm