Central banks worldwide are stepping up actions in relation to climate change and taking on an increasingly important role in supporting the energy transition. Given the prominent role that central banks play in the financial markets and in influencing financing conditions, they can act as a...

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...

Chapter 1. Introduction -- Part 1: Does the Science of Monetary Policy Need to Be Altered? -- Chapter 2. New Challenges on the Science of Monetary Policy -- Chapter 2. New Lessons for Macroeconomics and Finance Theory -- Chapter 4. In Search for a New Monetary Policy Framework -- Part 2:...

We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...