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Environmental Economics and Policy
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
Closing Remarks
Joao Santos, Policy Leader for Microprudential Supervision, Federal Reserve Bank of New York
5:00-6:00 pm
Reception
Speakers
Ana Varela Varela
Assistant Professor
University of Amsterdam
Clara Berestycki
Ph.D. Candidate
Columbia University
Kristian Blickle
Economist
Federal Reserve Bank of New York
Ben Harris
Assistant
Secretary for Economic Policy
US Department of Treasury
Hyeyoon Jung
Economist
Federal Reserve Bank of New York
Jose-Luis Cruz
Ph.D. Candidate
Princeton University
Harrison Hong
Professor of Financial Economics
Columbia University
Resources
Visit the New York Fed’s page on Community Development.
