Conference with the New York Federal Reserve

Events

Past Event

Conference with the New York Federal Reserve

May 6, 2022
9:15 AM - 6:00 PM
33 Liberty St, New York, NY 10045

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.  We thank SIPA and the Earth Institute for funding CEEP, and ISERP for helping fund this conference.


Event Details

8:30 Coffee and pastries

9:15am-9:30amOpening Remarks

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

9:30am-12:00pm Session 1: Unequal Effects of Climate Change

Moderator: Charles Taylor, Columbia University

9:30am-10:15am Surge of Inequality: How Different Neighborhoods React to Flooding

Ana Varela Varela, Assistant Professor, University of Amsterdam 

10:15am-11:00am Within City Disparate Temperature Effects Of Climate Change

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

11:00am-11:15am Break

11:15am-12:00pm 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)

12:00pm-1:00pm Lunch

1:15pm-2:00pm Keynote Address

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

2:30pm-5:00pm Session 2: Economic And Financial Stability Under A Changing Climate

Moderator: Tarikua Erda, Columbia University

2:30pm-3:15pm Climate Stress Testing

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

3:15pm-4:00pm Global Warming and Labor Market Reallocation

Jose-Luis Cruz, Princeton University

4:00pm-4:15pm Break

4:15pm-5:00pm 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)

5:00pm-5:05pm Closing Remarks

Joao Santos, Policy Leader for Microprudential Supervision, Federal Reserve Bank of New York

5:00pm-6:00pm Reception

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