To be or not to be ‘green’, part 1: Why climate change is relevant for monetary policy

Lena Boneva, Gianluigi Ferrucci, Francesco Paolo Mongelli  While the implications of climate change for financial stability and prudential supervision are widely recognised, those for monetary policy have received less attention until recently. This column, the first in a two-part series, reviews the key mechanisms through which climate change influences monetary policy. Climate change impacts the […]