This paper focuses on the trade–offs that central banks would face if they were to start tackling climate change. Disruptive natural events can hamper capital accumulation and growth, thereby affecting financial stability for which central banks are responsible. Yet, the array of instruments...

This paper focuses on the trade–offs that central banks would face if they were to start tackling climate change. Disruptive natural events can hamper growth and capital accumulation, thereby affecting price and financial stability – elements for which central banks are responsible. Yet, the...