“Nature, Finance and the Macroeconomy: Risks, Impacts and Feedback effects”

The Asia School of Business, Bank Negara Malaysia, Council on Economic Policies, sustainable macro and INSPIRE co-organized this conference, taking place in person in Kuala Lumpur, Malaysia, on 19-20 October 2023. The conference addressed challenges posed by nature loss, including deforestation and land-use change, and the related environmental risks and impacts for the macroeconomy and finance. It aims to also discuss implications for monetary policy, financial supervision and climate policy.

Keynote speakers:

Dr Norhana Endut, Assistant Governor, Bank Negara Malaysia
Allan Hsiao, Assistant Professor, Economics and Public Affairs, Princeton University


The full program is now available. The conference will span two days and four academic sessions.

Please click the link below to access the full conference program.

Call for Papers

The global economy faces new risks due to the degradation of nature and the unsustainable extraction of renewable and non-renewable resources. The micro- and macro-economic impacts of nature loss have received increasing attention in the last few years and the importance of addressing the degradation of different aspects of nature (soil, water, forest, biodiversity), their interactions with each other and interconnections with climate change is increasingly understood.  However, the financial implications are still largely unexplored.

The degradation of nature, particularly through economic activities such as deforestation and land-use change will have significant macroeconomic implications, calling for further research along a range of research questions.

Submissions are now closed. You can find the archived call for papers 2023 here.

Information and contact

Scientific committee

Aziz Durrani (ASEAN+3 Macroeconomic Research Office), Ben Filewod (London School of Economics), Charlotte Gardes-Landolfini (IMF), Darian McBain (London School of Economics), Elsa Allman (Banque de France), Felicia Liu (University of York), Ho Sui-Jade (Bank Negara Malaysia), Markus Leippold (University of Zurich), Nicola Ranger (University of Oxford), Ole Jens Rummel (SEACEN), Skand Goel (S&P Global), Ulrich Volz (SOAS)

Organising committee

Elena Almeida, Julia Bingler, Chiara Colesanti Senni, Simon Dikau, Adrian von Jagow, Natasha Jalil, Ozer Karagedikli, Alain Naef, Nur Syairah Husna Mohd Ridzuan, Fathin Rusliza, Nathalie Marins, Nicole Toftum, Zhai Gen Tan, Thessa Vasudhevan

You can contact the organising committee at contact[ at ]sustainablemacro.org