Central Banking and Green Finance
28-29 November, 2017. Co-organized with De Nederlandsche Bank Monetary,
Workshops | Tags:
Climate Change,
Financial Regulation,
Green Finance When the Leaders of the G20 met in China in 2016 they highlighted the necessity to scale up green financing. They also endorsed efforts to “provide clear strategic policy signals and frameworks” to target this objective. The question to what extent central banks can and
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Is It Time To Take Away The Carbon Punch Bowl?
Josh Ryan-Collins | 5 September 2017
Blog,
Monetary | Tags:
Climate Change,
Financial Stability,
Macroprudential Regulation Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of
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Monetary Policy and the Redistribution Channel
Adrien Auclert | 28 June 2017
Monetary,
Working Papers | Tags:
Income Inequality,
Inflation,
Interest Rates This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher channel from unexpected inflation,
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Why Monetary Policy Should Go Green
Alexander Barkawi | 19 May 2017
Blog,
Monetary | Tags:
Climate Change,
Collateral Frameworks,
Green Finance,
QE Guest Post, FT Alphaville. Monetary policy is rarely a topic in debates on green finance. It should. The €60bn that the European Central Bank is currently injecting into financial markets on a monthly basis are a case in point. Its intervention amounts to nearly three
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