000 01319cam a2200169 4500500
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041 _afre
042 _adc
100 1 0 _aDées, Stéphane
_eauthor
700 1 0 _a Weber, Pierre-François
_eauthor
245 0 0 _aThe Consequences of Climate Change for Monetary Policy
260 _c2021.
500 _a67
520 _aClimate change is one of the major challenges central banks are facing, potentially affecting the macroeconomic variables used to underpin their monetary decisions and the channels through which these decisions are transmitted to the real economy. Climate change could affect the policy space central banks have to fulfil their mandate and, owing to increased uncertainty, it could also lead them to consider some of the trade-offs to be faced in a monetary inflation targeting regime. As a result, central banks should not only integrate the effects of climate change into their analyses and models, but also take climate-related risks into account in the development of the instruments used to implement monetary policy. JEL Codes: E52, E58, Q54, Q58.
786 0 _nRevue d'économie financière | 138 | 2 | 2021-01-12 | p. 243-257 | 0987-3368
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2020-2-page-243?lang=en&redirect-ssocas=7080
999 _c468280
_d468280