21st Jacques Polak Annual Research Conference

Extreme events pose enormous challenges to the global economy, as evidenced by the ongoing COVID-19 pandemic and the increased frequency of disasters due to climate change. During such events, historical patterns and conventional approaches become obsolete. Decisions need to be made with limited information about the facts on the ground and with far-from-accurate forecasts about the future. When extreme events are global, there is diminished scope for international risk sharing, and pressures on government institutions, domestic and international, become acute. In light of these challenges, this year’s conference will focus on “Living in the Extreme: Economics of Pandemics, Climate Change and Tail Risks.” The conference will bring together researchers and policymakers to discuss innovative research in this area and facilitate the exchange of views.