WASHINGTON, March 19 -- The Federal Reserve issued the following white paper (No. 2021-018) by Stephie Fried, Kevin Novan and William B. Peterman, chief of the Fiscal Analysis Section in the Research and Statistics Division entitled "The Macro Effects of Climate Policy Uncertainty":

Here are excerpts:

Abstract

Uncertainty surrounding if and when the U.S. government will implement a federal climate policy introduces risk into the decision to invest . . .

Click here for more information about our products