How the ECB legitimises its green monetary policy

We identify three main narratives used by the ECB about the consequences of the environmental crisis for monetary policy.

How the ECB legitimises its green monetary policy - LSE Blogs

How the ECB legitimises its green monetary policy · Three narratives · Environmental issues as financial risks · The green investment gap.

Full article: Legitimising green monetary policies: market liberalism ...

At the same time, the ECB also seeks to legitimise monetary policy through its communications. Especially when tackling new topics or tasks, the central bank is ...

Supporting the green transition - European Central Bank

An orderly transition to a green economy would, in the long run, reduce climate-related risks for the entire economy and financial system, as well as for the ...

How the ECB legitimises its green monetary policy

The climate and environmental crisis is putting the European Central Bank (ECB) under increasing pressure to take effective monetary policy measures. In their ...

Monetary policy for a stable and prosperous EU: how the ECB ...

... climate considerations into its monetary policy, such as introducing a green-.

Greening monetary policy - European Central Bank

First, the ECB's primary objective is to maintain price stability. Climate change can directly affect inflation. This may happen when more ...

Implications of the ECB's new operational framework for the green ...

On Wednesday, the European Central Bank (ECB) announced changes to its operational framework, the toolbox it uses to implement its monetary ...

Price stability is all about climate change - Bruegel

The European Central Bank should bring in cheaper greening funding for banks, to offset the impact of high interest rates on the energy ...

Greening Central Bank Policies: Euro Area vs Non-Euro Area EU ...

With respect to procedure, two possibilities exist: the central bank keeps its total securities holdings constant and sells brown bonds in exchange for green ...

Legitimising green monetary policies: market liberalism, layered ...

We show that the third narrative is displacing the first as the dominant discourse around ECB climate policy. The shift in focus from the central bank's duties ...

A roadmap towards greening the European Central Bank

The second part illustrates the green policies implemented by the ECB thus far, as well as their shortcomings, and the drawbacks of its current ...

Climate Change and Monetary Policy

The main reason central banks should increase their attention to climate change is the likelihood it will affect their ability to achieve their mandates. The ...

Toasted, roasted and grilled? Walking the talk on green monetary ...

The ECB can play an importance role in facilitating Europe's green transition by adjusting its monetary policy tools and strategies.

Green ECB Credit: One Step Too Far - Intereconomics

There have been recent calls to “green” monetary policy through the refinancing of “green” firms at privileged conditions by the European Central Bank ( ...

Why green monetary policy is legal and legitimate - Positive Money

Those sceptical that the European Central Bank (ECB) should green its monetary policy claim this is not compatible with the ECB's mandate, ...

Legitimising green monetary policies: market liberalism, layered ...

We show that the third narrative is displacing the first as the dominant discourse around ECB climate policy. The shift in focus from the ...

Toward green central banking: Proposing an augmented Taylor rule

Overall, while the literature related to green monetary policy is still in its infancy at this stage, central banks are frequently invited to include climate ...

Sustainable central banking: clear green water between the Fed and ...

On top of financial and price stability, the European Central Bank also has a secondary mandate to support broader EU economic policies.

Greener and cheaper: green monetary policy in the era of inflation ...

The Bangladesh Bank is an example of a central bank that uses this option by requiring financial institutions to allocate 5% of their portfolios ...