Limiting global warming to well below 2° C may pose threats to macroeconomic and
financial stability. In an estimated Euro Area New Keynesian model with financial frictions …

We study the transmission mechanism of a Green QE, defined as a policy that tilts the central
bank's balance sheet toward green bonds, that is bonds issued by non-polluting firms. We …

ABSTRACT In June 2018, the People's Bank of China (PBoC) decided to include green
financial bonds into the pool of assets eligible as collateral for its Medium Term Lending …

We analyze the inflationary effects of a gradual increase in a carbon tax in the textbook New
Keynesian model. The policy gradually reduces emissions, a key feature of the green …

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 …

We quantify the importance of emission disclosure for climate policies in a DSGE model for
the euro area. A low-carbon energy and a fossil energy sector contribute to production and …

The issue of using green finance policies to prevent climate-related systemic risk (CRSR)
while promoting low-carbon production is of great concern. Despite its significance for a …

We examine whether central banks can redirect financial flows toward green finance, and to
what extent it prompts a cut in firms' carbon emissions. We focus on the European Central …

We develop a two sector incomplete markets integrated assessment model to analyze the
effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate …

This paper proposes an E-DSGE model with two layers of default to study the interactions
between bank regulation, climate change, and carbon taxes. Households value the liquidity …