Monetary policy under climate change
"We study monetary policy under climate change in order to answer the question of whether monetary policy should take into account the expected impacts of climate change. The setup is a new Keynesian dynamic stochastic general equilibrium model of a closed economy in which a climate module that...
| Main Authors: | , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2018
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19399107124911173899-Monetary-policy-under-climate-.htm |
| _version_ | 1771659898950516737 |
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| author | Economides, George Xepapadeas, Anastasios |
| author_facet | Economides, George Xepapadeas, Anastasios |
| collection | Library items |
| description | "We study monetary policy under climate change in order to answer the question of whether monetary policy should take into account the expected impacts of climate change. The setup is a new Keynesian dynamic stochastic general equilibrium model of a closed economy in which a climate module that interacts with the economy has been incorporated, and the monetary authorities follow a Taylor rule for the nominal interest rate. The model is solved numerically using common parameter values and fiscal data from the euro area. Our results, which are robust to a large number of sensitivity checks, suggest non-trivial implications for the conduct of monetary policy." |
| format | TEXT |
| id | 19399107124911173899_b0be95c8b0d84897bd2074cc318b56ed |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19399107124911173899_b0be95c8b0d84897bd2074cc318b56ed |
| is_hierarchy_title | Monetary policy under climate change |
| language | English |
| physical | 40 p. Digital |
| publishDate | 2018 |
| publisher | Munich CESifo |
| spellingShingle | Economides, George Xepapadeas, Anastasios climate change monetary policy gas emission Monetary policy under climate change |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=133147995132 |
| title | Monetary policy under climate change |
| topic | climate change monetary policy gas emission |
| url | https://www.labourline.org/KENTIKA-19399107124911173899-Monetary-policy-under-climate-.htm |