I thank Dan Covitz and Eric Engstrom for their assistance in preparing these remarks. -2correlated with asset prices. Correlation is not evidence of causation, and the hall of mirrors problem at its essence is about inferring causation from correlation.
At BSP, we have incorporated climate and disaster-related data in monetary policy analysis, forecasting, monitoring, and risk assessment. We have issued regulations on corporate and risk governance, including stress testing and regulatory reliefs provided to banks affected by natural calamities. We put our money where our mouth is.