Overview
Part of the Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and the environment as central banks wake up to new realities. The book examines not only the impact of changes in interest rates on the environment, but also the impact that the environment and climate change have on monetary policy. New green policies are proposed for central banks to implement as they move forward and navigate the pitfalls of climate change. Scholars and students interested in central banking, monetary policy and the environment will appreciate this take on Central Banking, Monetary Policy and the Environment.
Full Product Details
Author: Louis-Philippe Rochon ,
Sylvio Kappes ,
Guillaume Vallet
Publisher: Edward Elgar Publishing Ltd
Imprint: Edward Elgar Publishing Ltd
ISBN: 9781800371941
ISBN 10: 1800371942
Pages: 288
Publication Date: 19 August 2022
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Reviews
‘The editors of this book have produced an amazing book for an equally amazing new series on central banking that could not have come out at a better time. Climate change and environmental issues are at the top of our concerns, and many are wondering what role central banks have to play in this saga. The editors have brought together an incredible list of established and younger scholars alike, from a heterodox perspective. They offer a refreshing analysis of the current situation and dare to offer credible and bold solutions for a green way forward. This book must be on the shelf of every student of economics.’ -- Steve Keen, Independent Economist ‘More than any other current research topic, climate change exposes the flaws of mainstream approaches to economics while simultaneously highlighting the importance of insights from heterodox approaches, in particular post-Keynesian. Radical uncertainty is pervasive in even the most sophisticated climate models, complexity is inevitable when dealing with a planetary threat, and institutions cannot be abstracted away when political action is at the core of the problem. This remarkable book addresses these challenges head-on from the perspective of central banking, a subject in which the editors have amassed encyclopedic knowledge. It is essential reading for anyone interested in anything starting with the word “green”, including finance, bonds, quantitative easing, transition, or revolution.’ -- Matheus Grasselli, McMaster University, Canada ‘Central Banking, Monetary Policy and the Environment provides a quite complete overview of the challenges and opportunities faced today by the financial and monetary systems in light of the vital imperative to fund worldwide sustainability transitions. At distance with the complacency of “green (market) finance”, the book provides clear cut and deep analyses of the conditions under which endogenous money, central banking or even new currencies can help redirect the power of money creation so as to save our natural ecosystems, our resources and our living conditions.’ -- Gael Giraud, Georgetown University, US
'The editors of this book have produced an amazing book for an equally amazing new series on central banking that could not have come out at a better time. Climate change and environmental issues are at the top of our concerns, and many are wondering what role central banks have to play in this saga. The editors have brought together an incredible list of established and younger scholars alike, from a heterodox perspective. They offer a refreshing analysis of the current situation and dare to offer credible and bold solutions for a green way forward. This book must be on the shelf of every student of economics.' -- Steve Keen, Independent Economist 'More than any other current research topic, climate change exposes the flaws of mainstream approaches to economics while simultaneously highlighting the importance of insights from heterodox approaches, in particular post-Keynesian. Radical uncertainty is pervasive in even the most sophisticated climate models, complexity is inevitable when dealing with a planetary threat, and institutions cannot be abstracted away when political action is at the core of the problem. This remarkable book addresses these challenges head-on from the perspective of central banking, a subject in which the editors have amassed encyclopedic knowledge. It is essential reading for anyone interested in anything starting with the word green , including finance, bonds, quantitative easing, transition, or revolution.' -- Matheus Grasselli, McMaster University, Canada 'Central Banking, Monetary Policy and the Environment provides a quite complete overview of the challenges and opportunities faced today by the financial and monetary systems in light of the vital imperative to fund worldwide sustainability transitions. At distance with the complacency of green (market) finance , the book provides clear cut and deep analyses of the conditions under which endogenous money, central banking or even new currencies can help redirect the power of money creation so as to save our natural ecosystems, our resources and our living conditions.' -- Gael Giraud, Georgetown University, US
Author Information
Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics, Sylvio Kappes, Assistant Professor, Federal University of Alagoas, Brazil and Guillaume Vallet, Full Professor, Université Grenoble Alpes and Research Fellow, Centre de Recherche en Economie de Grenoble (CREG), France
