Financial Stability Is Easier to Green Than Monetary Policy
| Autor: | Christian Pfister, Natacha Valla |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Macroeconomics
Financial stability 05 social sciences Economics Econometrics and Finance (miscellaneous) Global warming Monetary policy Face (sociological concept) HB1-3840 Internal management 0502 economics and business European integration ddc:330 Economics Economic theory. Demography Business Management and Accounting (miscellaneous) 050207 economics Social history and conditions. Social problems. Social reform HN1-995 050205 econometrics Social policy |
| Zdroj: | Intereconomics, Vol 56, Iss 3, Pp 154-159 (2021) |
| ISSN: | 1613-964X 0020-5346 |
| DOI: | 10.1007/s10272-021-0972-y |
| Popis: | In the face of mounting evidence of global warming, which is an irreversible process, central banks, as other policymakers, have to play their part. They need to consider climate risks not only in their internal management, but also when they devise their strategies, conduct their policies and implement their decisions. This article examines the possible impacts of climate risks on the two main variables of interest for monetary policy, economic growth and inflationary pressures. On that basis, it infers the potential consequences for the objective of monetary policy, its conduct and its implementation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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