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      <marc:subfield code="a">Climate change and monetary policy : </marc:subfield>
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      <marc:subfield code="a">"This note examines the implications of physical climate risks for monetary policy along two dimensions. First, we review the literature on how climate-related disasters affect economic activity and inflation, and we assess the historical evidence on the output-inflation trade-off in the Canadian context. Second, to better understand how these trade-offs may evolve in a future marked by more frequent and severe natural disasters, we employ a structural modeling approach to quantify their potential macroeconomic impacts and the associated trade-offs for monetary policy"--page 1.</marc:subfield>
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