Central Banks Should Reflect Climate Risks in Monetary Policy Operations
Pierre Monnin | 10 September 2018
Monetary,
Policy Briefs | Tags:
Asset purchases,
Central Banks,
Climate risk,
Collateral framework The transition to a low-carbon economy requires a shift in capital allocation from incumbent carbon-intensive technologies to new low-carbon technologies. Financial markets play a key role in this process: they influence firms’ investment costs and serve as reference point in investors’ decisions. Currently, there
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Climate Change and Finance: What Role for Central Banks and Financial Regulators?
Emanuele Campiglio,
Yannis Dafermos,
Pierre Monnin,
Josh Ryan-Collins,
Guido Schotten and
Misa Tanaka | 7 September 2018
Blog,
Monetary | Tags:
Central Banks,
Climate Change,
Environment,
Financial Regulation Climate change poses risks to the financial system. Yet our understanding of these risks is still limited. As we explain in a recent paper published in Nature Climate Change, central banks and financial regulators could contribute to the development of methodologies and modelling tools for
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Mend It, Don´t End It: The case for upgrading the G20’s pledge on protectionism
Johannes Schwarzer,
Simon Evenett,
Sait Akman,
Axel Berger,
Eduardo Bianchi,
Carlos Primo Braga,
Marcela Cristini,
Kamala Dawar,
Matthias Helble,
Galina Kolev,
Jürgen Matthes,
Maximiliano Mendez-Parra,
Claudia Schmucker,
Akihiko Tamura and
Tu Xinquan | 3 September 2018
Policy Briefs,
Trade | Tags:
Protectionism,
Services Trade Despite neutering the official monitoring of protectionism, unmistakable evidence assembled from state sources demonstrates that G20 members routinely violate their “no protectionism” pledge.
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Mitigating the Adjustment Costs of International Trade
Johannes Schwarzer,
Clara Brandi,
Uri Dadush,
Peter Draper,
Andreas Freytag,
Miriam Kautz,
Peter Rashish and
Rob Vos | 3 September 2018
Policy Briefs,
Trade | Tags:
Employment The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly.
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Are Tax Incentives in Nigeria Attracting Investment or Giving Away Revenue?
Mustapha Ndajiwo | 16 August 2018
Blog,
Fiscal | Tags:
Tax Competition,
Tax Expenditures For over a decade, Nigeria, like so many developing countries, has been granting a number of tax incentives to multinational companies in a bid to attract foreign direct investment. Proponents of the incentives argue that the measures are vital to the development of the economy,
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