David Barmes

This report from CETEx (the Centre for Economic Transition Expertise) reviews existing literature on climate change and price stability, considers the risk posed by more persistent climate-related inflationary pressure and explores the trade-offs, challenges and implications for monetary policy. Read more

This CETEx policy brief examines the policy options available to minimise the fiscal burden of the Bank of England’s Asset Purchase Facility and create savings that could be directed elsewhere – including towards facilitating the UK’s net zero transition. Read more

This essay reflects on the limitations of the exclusive focus on the climate-related financial risk (CRFR) approach in shaping central banks’ engagement with climate change and a green transition. Read more

This report considers the role played by climate change, environmental degradation, and global energy markets in driving price instability and the implications of this for inflation forecasting and macroeconomic policy.  Read more

This podcast interview discusses “The Case for Adaptive Inflation Targeting: Monetary Policy in a Hot and Volatile World” report with co-author David Barmes. Read more

This article discusses a policy paper that proposes a new monetary policy tool to address persistent climate-driven inflation. Read more

This news article reports on rising costs that are caused by climate related disasters. The article quotes from a study... Read more

The United States Fed's retreat from the Network for Greening the Financial System signals a worrying neglect of the very real risks that climate change and environmental degradation present for macroeconomic and financial stability, says this CETEx commentary. Read more

Supply shocks induced by climate change could pose major challenges for inflation-targeting central banks. David Barmes and Luiz Awazu Pereira da Silva make the case for adaptive inflation targeting for a hotter, more volatile world. Read more

This commentary proposes that The Bank of England and the Government work together to help create a robust climate risk framework that supports financial risk management, while driving an equitable green transition. Read more

The remit letters to be sent by the Chancellor on 14 November to the Bank of England and Financial Conduct Authority are a critical opportunity to re-establish that these bodies should have regard to the Government’s climate and environmental ambition. Read more

This article discusses the reluctance of the  US Federal Reserve to take seriously the issue of climate risk. The article... Read more

This article considers the impact of shifting weather patterns, due to climate change, on food prices. The article includes quotes... Read more

In this Net Zero Investor podcast David Barmes discusses whether climate change and the energy transition could drive long-term inflation. Read more

Green Central Banking, 3 April 2024 Read more

David Barmes and Simon Dikau explain why intensifying environmental shocks and geopolitical tensions could drive a rethink of inflation forecasting and economic policymaking. Read more