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.
Structural Changes in Energy Markets and Price Implications
The 2021-22 energy crisis was driven by record-breaking rises in wholesale gas prices and this paper discusses lessons that financial regulators can learn regarding price implications of the transition.
Options for the ECB to Neutralise the Negative Effects of Its Monetary Policy for the European Energy Transition
As volatile fossil fuel prices drive inflation, the Sustainable Finance Lab says the ECB should adopt dual interest rates for green projects or risk exacerbating price instability.
The Asymmetric Effects of Weather Shocks on Euro Area Inflation
Weather shocks have asymmetric and non-linear impacts on inflation in the eurozone that introduce significant price volatility, according to research from the European Central Bank.
How Do Climate-related Conditions Affect Norwegian Enterprises?
Norwegian businesses say that climate related conditions are affecting their operations and raising costs, but the majority also report positive overall effects of transition due to growth in investment and opportunity.
The Stumbling Block in ‘the Race of Our Lives’
The impacts of bottlenecks expected in the supply of metals critical for the low-carbon transition are explored in this paper, which also considers what this means for central banks’ core mandates.
This report by Positive Money US analyses the role of “fossilflation” in causing inflation and provides policy recommendations to replace the existing framework that solely relies on the Federal Reserve.
The Impact of Climate Change on Price Stability
Informed by central bankers, this literature review of climate change and inflation studies finds that climatic effects on prices already exist and that climate issues should be incorporated into monetary policy.
Managing Inflation by Boosting Energy Transition
This Reclaim Finance report examines climate-related inflation, arguing that managing this price instability requires the ECB to support a clean energy transition.
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