Macrofinancial Risks of the Transition to a Low-Carbon Economy
نویسندگان
چکیده
A disorderly transition to a low-carbon economy may pose significant costs for both financial and nonfinancial firms through the stranding of physical assets, firms’ defaults, volatility in asset prices. The spread these disruptions production networks exacerbate costs. Green monetary policies help mitigate cost transitioning future, but coordination among public institutions (governments, central banks, supervisors) is needed. We discuss qualitative, empirical, modeling, policy, institutional research on this topic identify priorities future research.
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ژورنال
عنوان ژورنال: Review of Environmental Economics and Policy
سال: 2022
ISSN: ['1750-6824', '1750-6816']
DOI: https://doi.org/10.1086/721016