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Greening monetary policy

Dirk Schoenmaker ()

Working Papers from Bruegel

Abstract: Central banks have already started to look at climate-related risks in the context of financial stability. Should they also take the carbon intensity of assets into account in the context of monetary policy? The guiding principle in the implementation of monetary policy has been ‘market neutrality’, whereby the central bank buys a proportion of the market portfolio of available corporate and bank bonds (in addition to government bonds). But this...

Date: 2019-02
New Economics Papers: this item is included in nep-cba, nep-ene, nep-env and nep-mon
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