January 31, 2025
Rebecca Mari on flooding and the economy
How do floods impact GDP and inflation?
Rebecca Mari is the Co-Head of the Climate Hub at the Bank of England. She sat down for an interview at the 2025 AEA poster session to talk about the impact of floods on economic output and prices at the sectoral level. She found that floods had a range of different effects on different sectors of the economy. She argues that floods can act as both demand and supply side shocks, with potential consequences for core inflation.