Research Archive
Green Monetary Policy to Combat Climate Change
Climate change threatens price stability, this paper explains how a green monetary framework, including selective credit controls, can reduce emissions and protect prices.
From Financial Stability to Price Stability in Sustainable Central Banking
Climate change is driving price instability and central banks like the Federal Reserve should include climate in their price stability and inflation work, climate economists say. …
Facilitating the Transition to Net Zero and Institutional Change at the Bank of England
The Bank of England’s new environmental remit has not catalysed the bold change to monetary policy needed to meet net-zero targets, say political economists in this paper.
Why the Fed and ECB Parted Ways on Climate Change
According to this study, a supportive domestic environment enabled the European Central Bank to emerge as a leader in climate policy, while the Federal Reserve lags behind.
Climate-related Systemic Risks and Macroprudential Policy
Macroprudential policy is a ‘natural’ starting point to address systemic climate risks, say economists, and systemic risk buffers and exposure limits are two promising options.
Reforming the Multilateral Financial Architecture
Multilateral development finance is unable to meet present economic and sustainability challenges, says this paper which outlines reforms for development banks to bridge financing gaps in the global south.
Using Green Credit Policy to Bring Down Inflation
Green credit policy is “necessary, justified and feasible” in the fight against inflation, and draws on longstanding central bank practices of shielding deflationary sectors from interest hikes, economists say.
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