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1. Why Another Book about Money? -- 2. Imagine a World Without Money -- 3. A Brief History of Money -- 4. Saving … 2007-2009 and the Great Recession -- 7. Economic Growth and the Role of Money -- 8. Money in an Interconnected World -- 9 … specialization, in economic growth, and in an interconnected world. Throughout the book, he points out the pitfalls of fallacious …
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We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance sheet toward green bonds, i.e. bonds issued by firms in non-polluting sectors. To this purpose, we merge a standard DSGE framework with an environmental model. In our model,...
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We use a DSGE model to study the effectiveness of green-asset purchases by the central bank (Green QE), along the transition to a carbon-free economy driven by an emission tax, abstracting from price stability considerations. We find that Green QE helps to further reduce emissions, especially in...
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