Climate change and monetary policy are becoming increasingly intertwined. The relationship between climate risk and inflation is non-trivial, presenting the ECB with a number of trade-offs in its monetary policy operations. Lately, the ECB has stepped up its efforts to embed climate change...

Climate change and monetary policy are becoming increasingly intertwined. The relationship between climate risk and inflation is non-trivial, presenting the ECB with a number of trade-offs in its monetary policy operations. Lately, the ECB has stepped up its efforts to embed climate change...

Climate considerations have entered the agenda of the ECB in recent years. The ECB has intensified its analyses of the macroeconomic impact of climate change and started to evaluate and implement more active approaches and best practices to support the green transition. In this paper we discuss...