Catherine L. Mann talks about the importance of considering climate change for monetary policy. She discusses climate mitigation policies and their macroeconomic effects, by drawing on her experience as an international trade economist. She analyses the implications for monetary policymakers.
Speech
The effects of climate change and climate mitigation policies have become an actively debated topic in macroeconomic and central bank circles over the last few years. Some central banks now have references to supporting government climate change policies within the secondary objectives of their remits, including the Bank of England. Not everyone agrees on what role central banks should play in achieving climate change objectives.
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