Projektdetaljer
Beskrivelse
This project aims at studying the effects of aligning monetary policy and financial regulation with climate and sustainability objectives on prevailing socioeconomic patterns. This project is funded by the Austrian Central Bank's Anniversary Fund (Österreichische Nationalbank Jubiläumsfonds), project n°18651.
To investigate how a climate- and sustainability-aligned monetary regime could trigger new potential transition risks and how to implement it smoothly, the project will investigate the following four research questions:
- The institutional complementarity between the monetary regime and other key institutional forms underlying prevailing growth regimes (e.g. the state, work relations, insertion into the international regime, competition regime, the economy-environment relation).
- Where central banks and financial authorities actually stand in the integration of climate and sustainability risks management into monetary policy and financial regulation.
- The long-term relations between key variables at the core of social compromises (e.g. the energy-productivity gains-income distribution nexus) that have stabilised growth regimes until now.
- The potentially disruptive effects of a climate- and sustainability-aligned monetary regime on these long-term relations and how to avoid or tame these effects.
To investigate how a climate- and sustainability-aligned monetary regime could trigger new potential transition risks and how to implement it smoothly, the project will investigate the following four research questions:
- The institutional complementarity between the monetary regime and other key institutional forms underlying prevailing growth regimes (e.g. the state, work relations, insertion into the international regime, competition regime, the economy-environment relation).
- Where central banks and financial authorities actually stand in the integration of climate and sustainability risks management into monetary policy and financial regulation.
- The long-term relations between key variables at the core of social compromises (e.g. the energy-productivity gains-income distribution nexus) that have stabilised growth regimes until now.
- The potentially disruptive effects of a climate- and sustainability-aligned monetary regime on these long-term relations and how to avoid or tame these effects.
| Kort titel | Disruptive money |
|---|---|
| Status | Afsluttet |
| Effektiv start/slut dato | 01/02/2021 → 31/08/2024 |