Scenarios for Fiscal Space. Adapting to the Long-Term Challenges of Climate Change
Peter Heller | 28 January 2020
Discussion Notes,
Fiscal | Tags:
Climate Change,
Fiscal Space,
IMF Climate change poses significant challenges for governments seeking to assess their long-run financial condition. Looking forward, climate change is likely to threaten multiple aspects of a country’s economy. Governments will necessarily be required to provide support in adapting to these challenges. While considerable uncertainty exists
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Should Monetary Policy Take Inequality and Climate Change into Account?
Patrick Honohan | 24 January 2020
Discussion Notes,
Monetary | Tags:
Climate Change,
Governing Finance,
Inequality Should central banks take more account of ethical issues, notably the impact of monetary policy actions on the distribution of income and wealth and on efforts to combat climate change, in the design and implementation of the wider monetary policy toolkit they have been using
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Legitimacy Challenges to Central Banks: Sketching a Way Forward
Peter Dietsch | 19 January 2020
Discussion Notes,
Monetary | Tags:
Central Banks,
Governing Finance Delegation to independent agencies (IAs) can reap real benefits for policy making. In the case of monetary policy, it shores up the credibility of the central bank. However, it is generally accepted that the discretion of IAs needs to be constrained to ensure their legitimacy.
This
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Against Amnesia: Re-Imagining Central Banking
Benjamin Braun and
Leah Downey | 10 January 2020
Discussion Notes,
Monetary | Tags:
Central Banks,
Governing Finance The purpose of the present paper is to identify and challenge contemporary adherence to the core of the prevailing monetary policy consensus. This consensus consists of what we call the holy trinity of the inflation targeting paradigm: price stability as the primary goal of the
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Climate Risk and Financial Systems of Latin America: Regulatory, Supervisory and Industry Practices in the Region and Beyond
Gianleo Frisari,
Matías Gallardo,
Chiemi Nakano,
Víctor Cárdenas and
Pierre Monnin | 18 December 2019
Discussion Notes,
Monetary | Tags:
Central Banks,
Climate risk,
Financial Regulation,
Green Finance,
Latin America In Latin America and the Caribbean (LAC), regional supervisors and regulators have not yet explicitly included nor addressed climate-related risks in binding regulations and/or supervisory measures for the financial sector. This implies significant work ahead for the LAC financial sector to develop effective and complete
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