Central Banks and the Transition to a Low-Carbon Economy
Pierre Monnin | 22 March 2018
Discussion Notes,
Monetary | Tags:
Central Banks,
Environment,
Macroprudential Regulation,
Quantitative Easing Climate change is a fundamental challenge for our societies. Containing it will require a profound and radical transformation of our economic system, including a substantial reorientation of investments toward low-carbon technologies. The question to what extent central banks can and should contribute to this effort
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Inequality Should Matter for Central Banks
Liviu Voinea and
Pierre Monnin | 16 February 2017
Blog,
Monetary | Tags:
Central Banks,
Inequality,
Quantitative Easing Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing
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Central Banking and Inequality – Taking Off the Blinders
Peter Dietsch,
Clément Fontan and
François Claveau | 16 June 2016
Blog,
Monetary | Tags:
Central Banks,
Ethics,
Inequality Since the financial crisis, the relative importance of monetary policy in the toolbox of macroeconomic policies has increased. In parallel, we have seen a renewed social and political concern with rising inequalities in income and wealth. However, the two trends are rarely connected.[1] Despite studies
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Central Banks, Financial Stability and Inequality
Pierre Monnin | 9 March 2015
Blog,
Monetary | Tags:
Central Banks,
Financial Stability,
Inequality When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many
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Monetary Policy and Inequality – What Do Central Bankers Say?
Pierre Monnin | 24 November 2014
Blog,
Monetary | Tags:
Central Banks,
Inequality,
Monetary Policy “Benign neglect” perhaps most aptly characterizes the attitude that central bankers have traditionally displayed toward the topic of economic inequality. Indeed, monetary policy and inequality have long been regarded as having nothing more in common than just the fact that they both coexist. In the
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