The academic and policy debate regarding the role of central banks and financial regulators
in addressing climate-related financial risks has rapidly expanded in recent years. This …

Carbon allowance is a market mechanism that is used to deal with climate change in the
scientific community, and is gradually regarded as a financial asset. Uncertainty plays a vital …

We study the relationship between business cycles and the design and effects of
environmental policies, particularly those with economy-wide significance like climate …

We study climate and macroprudential policies in an economy with financial frictions. Using
a dynamic stochastic general equilibrium model featuring both a pollution market failure and …

Limiting global warming to well below 2° C may pose threats to macroeconomic and
financial stability. In an estimated Euro Area New Keynesian model with financial frictions …

This study examines the long-term impacts of climate change on credit spreads using a
sample of A-share listed companies that issued corporate bonds between 2014 and 2020 …

Maintaining a balance between environmental quality and economic growth is now one of
the common goals of fiscal and monetary policies in developed and developing economies …

In addition to tail macroeconomic events (eg wars, financial crises and pandemics), climate
change poses a threat to financial stability—with extreme climatic events increasing in …

Existing approaches to assess the economic impact of climate policies tend to overlook the
financial sector and to focus only on direct effects of policies on the specific institutional …

The environmental impacts of macroeconomic policies, and their interaction with climate
policies are under-researched in the existing literature. This paper compares the …