Inequality Should Matter for Central Banks
Liviu Voinea and
Pierre Monnin | 16 February 2017
Monetary,
Blog | Tags:
Central Banks,
Inequality,
Quantitative Easing Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing
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Low Interest Rates: An Opportunity for Renewables
Pierre Monnin | 8 July 2015
Monetary,
Blog | Tags:
Energy,
Interest Rates Putting the economy on an environmentally sustainable path requires a serious shift into green technologies. Such a shift includes substantial investments in technologies that are based on renewable energy to produce electricity – referred to hereinafter as “green energy technologies”. Interest rates directly and significantly
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The Impact of Interest Rates on Electricity Production Costs
Pierre Monnin | 25 June 2015
Monetary,
Discussion Notes | Tags:
Energy,
Interest Rates Putting the economy on an environmentally sustainable path requires substantial investments in green energy technologies. Long-term interest rates play a crucial role for energy investments. Against this background, we study the impact of interest rates on the costs of producing electricity with different technologies, using
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Monetary Policy and Sustainability. The Case of Bangladesh
Alexander Barkawi and
Pierre Monnin | 31 May 2015
Monetary,
Discussion Notes | Tags:
Employment,
Energy,
Financial Inclusion Central banks have wide ranging effects on the economy and society as a whole. Their decisions on monetary policy and sustainability are closely intertwined. Nonetheless, the links between the mandates, objectives and instruments of central banks and a broad sustainability agenda are rarely reflected in
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Central Banks, Financial Stability and Inequality
Pierre Monnin | 9 March 2015
Monetary,
Blog | Tags:
Central Banks,
Financial Stability,
Inequality When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many
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