Showing 1 - 10 of 21,934
Central banks and financial supervisors approach "green finance" mostly to preserve macroeconomic and financial stability according to their mandates. Obviously, climate change poses severe risks to households, firms and their financial intermediaries. These risks tend to be correlated and their...
Persistent link: https://www.econbiz.de/10012154795
Persistent link: https://www.econbiz.de/10012588312
effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically, the link between carbon dioxide emission and the frequency of climate related disaster …
Persistent link: https://www.econbiz.de/10012265443
?ects on the macroecon-omy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically the link between carbon dioxide emission and the frequency of climate re-lated disaster …
Persistent link: https://www.econbiz.de/10012102117
Persistent link: https://www.econbiz.de/10003497780
We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...
Persistent link: https://www.econbiz.de/10001554692
Persistent link: https://www.econbiz.de/10000939461
Persistent link: https://www.econbiz.de/10001118800
Persistent link: https://www.econbiz.de/10012127260
The viability of forward guidance as a monetary policy tool depends on the horizon over which it can be communicated and its influence on expectations over that horizon. We develop and estimate a model of imperfect central bank communications and use it to measure how effectively the Fed has...
Persistent link: https://www.econbiz.de/10011986452