Climate change and central banks – supporting the green transition by pursuing price stability
12 May 2023 · Joachim Nagel , President of the Deutsche Bundesbank (Germany)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , climate, energy and nature
JN 12 May 2023 · Joachim Nagel Wiki · Deutsche Bundesbank Wiki Climate change and central banks – supporting the green transition by pursuing price stability Context Welcome address (virtually) by Joachim Nagel, President of the Deutsche Bundesbank, at the Deutsche Bundesbank Spring Conference 2023 "Climate Change and Central Banks", Eltville, 12 May 2023.
Why it matters Nagel argues that price stability is the best support for the green transition.
Problems raised Climate change affects central banks. Inflation uncertainty raises term premia. The green transition needs stable conditions. Solutions proposed Pursue price stability to support the transition. Research climate impacts on monetary policy. Keep inflation expectations anchored. Read full speech on bis.org ↗ More from Joachim Nagel · Deutsche Bundesbank · all speeches
More speeches by Joachim Nagel Other leaders on monetary policy and interest rates
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