Climate change and central banks: what role for monetary policy?

Autor: Lena Boneva, Gianluigi Ferrucci, Francesco Paolo Mongelli

Climate change has profound effects not only on societies and economies, but also for the ability of central banks to deliver price stability in the future. Among others, climate change impacts the monetary transmission mechanism, the policy space av

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::946eade03556cade4e906f92a8d9f28e

Climate Change and Monetary Policy in the Euro Area

Autor: Pierre-François Weber, Fabio Fornari, Pablo Garcia-Sanchez, Sarah Jane Hlásková, Andreas Breitenfellner, Christoph Meinerding, Giovanna Bua, Carolin Nerlich, Ricardo Queiroz, Niall McInerney, Gerbert Hebbink, Cornelia Holthausen, Oke Röhe, Jan Willem van den End, Niki Papadopoulou, Ivan Faiella, Reamonn Lydon, Jana Aubrechtova, Malgorzata Osiewicz, Georg Müller, Francesco Paolo Mongelli, Beatriz Sotomayor, Carlos Montes-Galdón, Anamaria Piloiu, Anastasia Theofilakou, Mélissa Kasongo Kashama, Arturo Diez-Caballero, Livio Stracca, Andrés Manzanares, Aris Avgousti, Ralph Setzer, Matija Lozej, Lorenzo Isgro, Pinelopi Tsalaporta, Lia Vaz Cruz, Alessandro Giovannini, Daniel Santabárbara, maurice bun, Mark Weth, Miles Parker, Jean-François Ouvrard, Daniel Kapp, Guido Schotten, Boris Osorno-Torres, Patrick Grüning, Francesco Drudi, Mátyás Farkas, Gasper Ploj, Paloma Lopez-Garcia, Matteo Ciccarelli, Otso Manninen, Alberto Fuertes Mendoza, Mar Delgado Téllez, Emanuel Moench, Madelaine Roos, Katri Mikkonen, Donata Faccia, Filippos Petroulakis, Francesca Barbiero, Lavinia Rognone, Virginia Di Nino, Adrian Page, Gianluigi Ferrucci, Alexander Popov, Matthieu Darracq Paries

Publikováno v: SSRN Electronic Journal.

This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first investigates macroeconomic and financial risks stemming from climate change and from policies aimed at climate mitigation and adaptat

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::c30861dc78862233027406e068560a54
https://doi.org/10.2139/ssrn.3928292

Liquidity Risk and Contagion

Autor: Hyun Song Shin, Rodrigo Cifuentes, Gianluigi Ferrucci

Publikováno v: Journal of the European Economic Association. 3:556-566

This paper explores liquidity risk in a system of interconnected financial institutions when these institutions are subject to regulatory solvency constraints and mark their assets to market. When the market's demand for illiquid assets is less than

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d194549716dcc359bf41650f76f163f7
https://doi.org/10.1162/jeea.2005.3.2-3.556

Empirical determinants of emerging market economies sovereign bond spreads

Autor: Gianluigi Ferrucci

This paper investigates the empirical determinants of emerging market sovereign bond spreads, using a ragged-edge panel of JP Morgan EMBI and EMBI Global secondary market spreads and a set of common macro-prudential indicators. The panel is estimated

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bfca47bbbdd7c8c3d3904e3c7e426038