Central banks worldwide are stepping up actions in relation to climate change and taking on an increasingly important role in supporting the energy transition. Given the prominent role that central banks play in the financial markets and in influencing financing conditions, they can act as a...

Sustainability and Financial Markets' geeft u inzicht in de verplichtingen die direct of indirect inhaken op duurzaamheid en toepasbaar zijn op spelers op financiële markten. De urgentie voor een verschuiving naar een duurzamere wereld lijkt heviger dan ooit. Zeker nu de gevolgen van...

Klimakrise, Pandemie, Ungleichheit, politischer Rechtsruck IBU grosse gesellschaftliche Herausforderungen, die es zu lösen gilt. Leider scheitern Reformen zumeist an der Frage: ?wie sollen wir das bezahlen?". Weit verbreitete Irrtümer zur Funktionsweise des Geldsystems und ökonomischen...

In a DSGE model, we study the effectiveness of a Green QE, i.e. a program of green-asset purchases by the central bank, along the transition to a carbon-free economy. The model is characterized by green firms that produce using a clean technology and brown firms that pollute but they can pay a...

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...