Deep Focus: A greener monetary policy approach for the ECB

Feb 21, 2019, 09:00 AM

Bruegel fellow Dirk Schoenmaker walks Sean Gibson and 'The Sound of Economics' listeners through his latest working paper, focusing on how to make monetary policy in Europe more climate-friendly

In this episode of the Deep Focus podcast series, Bruegel's Dirk Schoenmaker explains his proposed greener alternative to the ECB's current 'market-neutral' approach to monetary policy.

Elaborating on research contained within a recent Bruegel working paper, the author shows that significant strides can be made while remaining within existing constraints and with due considerations for the primary vital purpose of monetary policy.

If you would like to learn more on this topic, we recommend Dirk Schoenmaker's blog post on greening monetary policy, published in conjunction with the aforementioned working paper.