Is It Time To Take Away The Carbon Punch Bowl?
Josh Ryan-Collins | 5 September 2017
Monetary,
Blog | Tags:
Climate Change,
Financial Stability,
Macroprudential Policy Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of
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Monetary Policy, Macroprudential Regulation and Inequality
Pierre Monnin | 12 April 2017
Monetary,
Discussion Notes | Tags:
Inequality,
Interest Rates,
Macroprudential Policy The 2008 global financial crisis profoundly changed the role of central banks in the economy. First, central banks engaged in strong expansionary monetary policy, using new unconventional tools to boost economic activity. Second, they were key to containing financial instability, which led them to implement
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