Monika Piazzesi, JEEA-FBBVA Lecture 2021: ECB and Green monetary policy

Описание к видео Monika Piazzesi, JEEA-FBBVA Lecture 2021: ECB and Green monetary policy

Monika Piazzesi gave the 16th JEEA-FBBVA Lecture, How Unconventional is Green Monetary Policy?, on Tuesday June 29 2021. In her paper, she has analyzed data on the ECB’s bond purchases and concludes that by taking a “market neutral” stance, it has unintentionally favored the most polluting firms. “As we move to a lower-emission economy it is vital that central banks help lower the cost of capital for companies using greener technologies,” she contends

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