Monetary Policy and Green Transition

Kolozsi, Pál Péter and Horváth, Balázs István and Csutiné Baranyai, Judit and Tengely, Veronika (2022) Monetary Policy and Green Transition. FINANCIAL AND ECONOMIC REVIEW, 21 (4). pp. 7-28. ISSN 2415-9271


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One of the biggest challenges in the coming decades is the achievement and maintenance of environmental sustainability, regarding which the central banks have also shown an increasingly active and supportive attitude in recent years. A new monetary policy approach is emerging, but it is unclear how central banks can participate in the green transition. In this paper, we briefly present the most relevant issues in this regard, namely how price stability, which is the most important objective of central banks, is affected by climate change and the green economic transformation; what follows from the potential conflict between the goals of green transition and price stability in terms of the green activity of central banks; and what challenges are faced as a result by central banks that also have the sustainability goal in mind.

Item Type: Article
Subjects: G Geography. Anthropology. Recreation / földrajz, antropológia, kikapcsolódás > GE Environmental Sciences / környezettudomány
H Social Sciences / társadalomtudományok > HC Economic History and Conditions / gazdaság története és alapelvek > HC2 Economic policy / gazdaságpolitika
Depositing User: Andrea Tankó
Date Deposited: 09 Feb 2023 12:54
Last Modified: 09 Feb 2023 12:54

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