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Hyperbolic Discounting and the Time-Consistent Solution of Three Canonical Environmental Problems
Strulik, Holger - 2017
) optimal renewable resource use, (ii) the tragedy of the commons, (iii) economic growth and pollution. I then compare results …
Persistent link: https://www.econbiz.de/10012949477
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Climate Actions and Stranded Assets : The Role of Financial Regulation and Monetary Policy
Diluiso, Francesca - 2020
Limiting global warming to well below 20 C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...
Persistent link: https://www.econbiz.de/10012825396
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Climate Actions and Stranded Assets : The Role of Financial Regulation and Monetary Policy
Diluiso, Francesca - 2020
Limiting global warming to well below 2*C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...
Persistent link: https://www.econbiz.de/10012827643
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Sustainable Central Banking
Skinner, Christina Parajon; Lastra, Rosa M. - 2022
climate change and sustainability intersect with their legislative mandates. The issues are not straightforward nor is there a … climate change and sustainability goals within their statutory authorities and thus retain legal legitimacy around these … actions? Where legal authority exists, how can central banks operationalize climate or sustainability goals—are existing tools …
Persistent link: https://www.econbiz.de/10014235994
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Temptation and forward-guidance
Airaudo, Marco - In: Journal of economic theory 186 (2020), pp. 1-29
Persistent link: https://www.econbiz.de/10012415840
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Monetary policy and sustainability
Hellwig, Martin - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 5, pp. 341-343
stability. However, monetary policy will have a sustainability problem of its own if the viability of the monetary system is …
Persistent link: https://www.econbiz.de/10013343438
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Is there a tragedy of a common central bank? : a dynamic analysis
Aarle, Bas van - In: Journal of economic dynamics & control 21 (1997) 2, pp. 417-447
Persistent link: https://www.econbiz.de/10001215809
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In the Name of COVID-19 : Is the ECB Fuelling the Climate Crisis?
Cojoianu, Theodor - 2020
We offer preliminary evidence drawing on a novel dataset of corporate bonds issued in the European energy sector since January 2020 in combination with the European Central Bank's (ECB) purchases under the Pandemic Emergency Purchase Programme (PEPP) in response to COVID-19. We show that the...
Persistent link: https://www.econbiz.de/10012830846
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Climate actions and stranded assets : the role of financial regulation and monetary policy
Diluiso, Francesca; Annicchiarico, Barbara; Kalkuhl, … - 2020
Limiting global warming to well below 20C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...
Persistent link: https://www.econbiz.de/10012260638
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Fostering green investments and tackling climate-related financial risks : which role for macroprudential policies?
D'Orazio, Paola; Popoyan, Lilit - 2018
While there is a growing debate among researchers and practitioners on the possible role of central banks and financial regulators in supporting a smooth transition to a low-carbon economy, the information on which macroprudential instruments could be used for reaching the "green structural...
Persistent link: https://www.econbiz.de/10011932149