Central banking challenges posed by uncertain climate change and natural disasters
成果类型：
Article
署名作者：
Hansen, Lars Peter
署名单位：
University of Chicago
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2021.09.010
发表日期：
2022
页码：
1-15
关键词：
摘要：
Climate change poses an important policy challenge for governments around the world. The challenge is made all that much more difficult because of the multitude of potential policymakers involved in setting the policy worldwide. What then should be the role of central banks? How are climate change concerns similar to or distinct from those of other natural disasters? Clarity of ambition and execution will help to ensure that central banks maintain credibility. By adhering to their mandated roles, they retain their critically important distance from the political arena. Their credibility will be further enhanced by avoiding the temptation to exaggerate our understanding of climate change. (C) 2021 The Author. Published by Elsevier B.V.
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