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ECB President Christine Lagarde and others have suggested that climate change creates risks for price stability and for the viability of counterparties to central bank interventions and therefore monetary policy should contribute to fighting climate change. However, pursuit of this new objective...
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officially measured inflation rates and highlights the weaknesses of the ECB’s envisioned approach. …
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extremely high. The ECB therefore finds itself in a difficult dilemma: It must take decisive action against high inflation, but …
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Monetary policy currently has only limited room for manoeuvre to fight inflation. Structural supply problems, war and … past omissions are having an impact. Inflation is hitting those hardest who cannot pass on the price increase. There is no … in inflation. However, combining monetary policy with social and climate policy goals has great potential. It is a matter …
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Der Klimawandel wird einen tiefgreifenden Einfluss sowohl auf die europäische als auch die globale Wirtschaft haben. Bei der Frage nach dem Handlungsbedarf für Zentralbanken wie die EZB ist unstrittig, dass Zentralbanken notwendige Schritte zu Sicherstellung von Preis- und Finanzstabilität im...
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