Template-type: ReDIF-Paper 1.0
Author-Name: Donato Masciandaro
Author-Name: Romano Vincenzo Tarsia
Title: Society, Politicians, Climate Change and Central Banks: An Index of Green Activism
Abstract: This paper proposes an index for evaluating central bank activism in addressing climate-change issues. Consistent with a principal-agent approach, this metric assumes that the central bank’s sensibility on climate change depends on both economic and political drivers. The index has been created to include not only actual policies but also participation in green networks and initiatives that signal central bank activism on climate change.
Classification-JEL:
Keywords: Climate change, central banking, principal-agent, political pressure, monetary policy, financial stability
Length: 33
Number: 21167
Creation-Date: 2021
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp21167.pdf
File-Format: application/pdf
File-Size: 606
Handle: RePEc:baf:cbafwp:cbafwp21167