"This book provides a thorough grounding in the science and economics of climate policy issues and draws key lessons from the longer experiences of central banks in grappling with related challenges. Findings and controversies of climate history and the effects of human activities on climate are...

We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...

We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...

Am Beispiel der zweiten Weltwirtschaftskrise des 20. Jahrhunderts lassen sich die Gegensätze neoklassischer Ressourcenökonomie und keynesianischer Geldwirtschaft gut erkennen. Die allokative Wirkung veränderter Ressourcenknappheiten wird an der Rohölpreisentwicklung untersucht, um zu zeigen,...

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices,...

We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial...

1. Why Sustainable Finance? Why Now? -- 2. What Puts the Sustainable into Sustainable Finance -- 3. The Chequered History of Climate Finance -- 4. Sustainable Finance: The Policy Framework -- 5. Measuring and Reporting Sustainability Impacts -- 6. The Role for Central and Public Banks.