Greening monetary policy

References

• Aksoy, Y., & Basso, H. (2014). Liquidity, term spreads and monetary policy. Economic Journal, 124(581), 1234–1278. https://doi.org/10.1111/ecoj.12087
   Web of Science ®Google Scholar
• Amel-Zadeh, A., & Serafeim, G. (2018). Why and how investors use ESG information: Evidence from a global survey. Financial Analysts Journal, 74(3), 87–103. https://doi.org/10.2469/faj.v74.n3.2
   Web of Science ®Google Scholar
• Ashcraft, A., Gârleanu, N., & Pedersen, L. (2011). Two monetary tools: Interest rates and haircuts. In: D. Acemoglu & M. Woodford (Eds.), NBER Macroeconomics Annual 2010, 25(1), 143–180. https://doi.org/10.1086/657530
   Google Scholar
• Battiston, S., Mandel, A., Monasterolo, I., Schütze, F., & Visentin, G. (2017). A climate stress-test of the financial system. Nature Climate Change, 7(4), 283–288. https://doi.org/10.1038/nclimate3255
   Web of Science ®Google Scholar
• Bindseil, U., Corsi, M., Sahel, B., & Visser, A. (2017). The Eurosystem collateral framework explained (ECB Occasional Paper Series No. 189).
   Google Scholar
• Braun, B. (2018). Central banking and the infrastructural power of finance: The case of ECB support for repo and securitization markets. Socio-Economic Review, 16(1), 1–24. https://doi.org/10.1093/ser/mwy012
   Google Scholar
• Caldecott, B., Tilbury, J., & Carey, C. (2014). Stranded assets and scenarios (Discussion Paper). Smith School of Enterprise and the Environment, University of Oxford.
   Google Scholar
• Campiglio, E., Dafermos, Y., Monnin, P., Ryan-Collins, J., Schotten, G., & Tanaka, M. (2018). Climate change challenges for central banks and financial regulators. Nature Climate Change, 8(6), 462–468. https://doi.org/10.1038/s41558-018-0175-0
   Web of Science ®Google Scholar
• Carney, M. (2015, September 29). Breaking the tragedy of the horizon: Climate change and financial stability. Speech at Lloyd’s of London.
   Google Scholar
• Cœuré, B. (2018, November 8). Monetary policy and climate change. Speech at the NGFS Conference ‘Scaling up Green Finance: The Role of Central Banks’ at the Deutsche Bundesbank.
   Google Scholar
• Doda, B. (2016). Sector-level carbon intensity distribution (Centre for Climate Change Economics and Policy Working Paper No. 281).
   Google Scholar
• European Central Bank (ECB). (2015). Guideline (EU) 2015/510 of the ECB of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60). Official Journal of the European, L91/3-135.
   Google Scholar
• European Commission. (2019). The European Green Deal. Communication from the Commission, COM(2019) 640 final, Brussels.
   Google Scholar
• Gorton, G., & Souleles, N. (2007). Special purpose vehicles and securitization. In M. Carey & R. Stulz (Eds.), The risks of financial institutions (pp. 549–602). University of Chicago Press.
   Google Scholar
• Heinkel, R., Kraus, A., & Zechner, J. (2001). The effect of green investment on corporate behavior. Journal of Financial and Quantitative Analysis, 36(4), 431–449. https://doi.org/10.2307/2676219
   Web of Science ®Google Scholar
• Hong, H., Li, F., & Xu, J. (2019). Climate risks and market efficiency. Journal of Econometrics, 208(1), 265–281. https://doi.org/10.1016/j.jeconom.2018.09.015
   Web of Science ®Google Scholar
• Lilliestam, J., Patt, A., & Bersalli, G. (2021). The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex-post evidence. Wiley Interdisciplinary Reviews: Climate Change, 12(1), e681. https://doi.org/10.1002/wcc.681
   Web of Science ®Google Scholar
• Matikainen, S., Campiglio, E., & Zenghelis, D. (2017). The climate impact of quantitative easing (Policy Paper). Grantham Research Institute on Climate Change and the Environment.
   Google Scholar
• Mishkin, F. (2001). The transmission mechanism and the role of asset prices in monetary policy (NBER Working Paper No. 8617).
   Google Scholar
• Nagel, S. (2016). The liquidity premium of near-money assets. Quarterly Journal of Economics, 131(4), 1927–1971. https://doi.org/10.1093/qje/qjw028
   Web of Science ®Google Scholar
• Nyborg, K. (2017). Collateral frameworks: The open secret of central banks. Cambridge University Press.
   Google Scholar
• Reinders, H. J., Schoenmaker, D., & van Dijk, M. (2020). A finance approach to climate stress testing (CEPR Discussion Paper DP14609).
   Google Scholar
• Schoenmaker, D., & Schramade, W. (2019). Principles of sustainable finance. Oxford University Press.
   Google Scholar
• Smits, R. (1997). The European central bank: Institutional aspects. Kluwer Law International.
   Google Scholar
• Stein, J. (2013). Overheating in credit markets: Origins, measurement, and policy responses, speech delivered at the research symposium sponsored by the Federal Reserve Bank of St. Louis, Restoring household financial stability after the great recession: Why household balance sheets matter.
   Google Scholar
• Stern, N. (2008). The economics of climate change. American Economic Review, 98(2), 1–37. https://doi.org/10.1257/aer.98.2.1
   Web of Science ®Google Scholar
• Stiglitz Report. (2009). Report by the commission on the measurement of economic performance and social progress.
   Google Scholar
• Task Force on Climate-related Financial Disclosures (TCFD). (2017). Recommendations of the task force on climate-related financial disclosures: Final report (Bloomberg Report). Financial Stability Board.
   Google Scholar
• Van’t Klooster, J., & van Tilburg, R. (2020). Targeting a sustainable recovery with Green TLTROs (Working Paper). Positive Money Europe and Sustainable Finance Lab.
   Google Scholar
• World Resources Institute (WRI). (2015). Greenhouse gas protocol. Washington DC: WRI.
   Google Scholar