Drudi, Francesco; Mönch, Emanuel; Holthausen, Cornelia; … - 2021
adapt macroeconomic models and the Eurosystem/ECB staff economic projections underlying the monetary policy decisions. It …This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first … simulations using the ECB’s New Area-Wide Model (NAWM) illustrate how the interactions of climate change, financial and fiscal …