LaSalle Street hosts a discussion on the potential effects of climate change on housing market values and
whether such risks could impact systemic stability.
Financial market participants are increasingly aware of climate risk, but a comprehensive risk-management
approach to climate change risk has not been developed yet. In this episode, we discuss the potential effects of
physical and transition risk on
the housing market—and how that risk flows into financial markets through borrowers and lenders, investors, and
insurers.
Joining host Alessandro Cocco, vice president of the Financial Markets Group at the Chicago Fed, are Eric Hogue,
risk specialist at the Federal Reserve Bank of Kansas City, Jesse M. Keenan,
associate professor of real estate at Tulane University’s School of Architecture, and David Rodziewicz, senior
economics specialist at the Federal Reserve Bank of Kansas City.
View
transcript | View climate glossary
On Mic
Vice President
Federal Reserve Bank of Chicago
Host
Risk Specialist
Federal Reserve Bank of Kansas City
Guest
Associate Professor of Real Estate
Tulane University School of Architecture
Guest
Senior Economics Specialist
Federal Reserve Bank of Kansas City
Guest
The views expressed on LaSalle Street are the speakers’ own and do not
necessarily reflect
the views of the Federal Reserve Bank of Chicago or the Federal Reserve System. Any links to external resources
or websites are provided for informational purposes only.
Eric Hogue is a risk specialist at the Federal Reserve Bank of Kansas City. In this role he analyzes and identifies trends and emerging risks (banking, economic, and climate) within the Tenth Federal Reserve District. Hogue is pursuing his MS in statistics at the University of Missouri–Kansas City and earned his BA in economics from the University of Texas at Austin.
David Rodziewicz is a senior economics specialist at the Denver Branch of the Federal Reserve Bank of Kansas City. His research focuses on energy economics, natural resource economics, climate change, and regional economics. Prior to joining the Economic Research Department at the Kansas City Fed in 2017, Rodziewicz was an officer in NOAA's Commissioned Officers Corps; earlier in his career, he worked in financial services.
Jesse M. Keenan is an associate professor of real estate within the faculty of the School of Architecture at Tulane University in New Orleans, Louisiana. Keenan’s teaching and research advances the interdisciplinary fields of sustainable real estate and infrastructure finance and development.
