Jens van't Klooster (University of Amsterdam) and Eric Monnet (Paris School of Economics and CEPR) look at how tight monetary policy impacts low-carbon investments. Most importantly, they suggest green credit policy instruments, central banks can use, that will enable them to address inflationary pressures without jeopardizing the long-term decarbonization of the economy.
Understanding the linkages between climate vulnerability and sovereign debt risk is pivotal for countries that want to step up their climate mitigation strategies. Bhavya Gupta (National University of Singapore) and Ramkishen S. Rajan (National University of Singapore) have curated the most recent theoretical and empirical literature on the effects of climate on sovereign debt risk.
Understanding the linkages between climate vulnerability and sovereign debt risk is pivotal for countries that want to step up their climate mitigation strategies. Bhavya Gupta (National University of Singapore) and Ramkishen S. Rajan (National University of Singapore) have curated the most recent theoretical and empirical literature on the effects of climate on sovereign debt risk.
In this brief, we ask whether the implementation of national climate policies may spur a global race to protectionism. Consumer or production subsidies and border carbon adjustments may have positive mitigation effects but can also generate trade distortions and give national industries a competitive advantage against foreign firms.
In this brief, we ask whether the implementation of national climate policies may spur a global race to protectionism. Consumer or production subsidies and border carbon adjustments may have positive mitigation effects but can also generate trade distortions and give national industries a competitive advantage against foreign firms.

The E-axes Forum on Climate Change, Macroeconomics
and Finance

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CENTRAL BANKERS AND ECONOMISTS IN OUR NETWORK

A knowledge hub

The E-Axes Forum brings together economists and policy-makers working on monetary and fiscal policies aimed at transitioning towards a sustainable economy.

Join central bankers and economists in our network to advance knowledge and collaboration

Members share their insights, ask questions, engage in conversations, and upload their research in a structured and searchable network platform.

Watch our Webinars

Our twice-monthly webinars host experts, both academics and policymakers, addressing key issues in climate-change and related fiscal and monetary policies. Watch the presentations live or view the archived videos and download event materials.

New webinars

Upcoming Webinar

Young Scholars

October 30, 2023
Adelina Barbalau
Assistant Professor of Finance
Alberta School of Business, University of Alberta
Upcoming Webinar

Young Scholars

September 25, 2023
Ghassane Benmir
Assistant Professor
IE University and Business School

Explore policies and research with two interactive trackers

The Green Monetary and Financial Policies (GMFP) Tracker  maps the global landscape of monetary and financial policies aimed at mitigating climate risk.

The Literature on Climate, Macroeconomics and, Finance (LitCMF) Tracker aggregates literature on climate economics and organizes it around relevant clusters.

Monthly Digest

Subscribe to our free monthly digest  to receive monthly updates on new research on climate change macroeconomics and finance, as well as alerts for our upcoming webinars.

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