Macro Matters: addressing climate change with monetary policy - with Grégory Claeys

This week on Macro Matters we welcome Dr Grégory Claeys to discuss the European Central Bank (ECB) strategic review. Can monetary policy be used in the fight against climate change and what does this mean for the ECB?

Welcome to another week of Macro Matters. In this episode our host Paul Diggle is joined by special guest, Dr Grégory Claeys. Senior Fellow at the European think tank Bruegel and Associate Professor at the Conservatoire National des Arts et Métiers in Paris. Grégory talks to us from Brussels to share his expertise in macroeconomics, central banking and European governance.

Also joining Paul is the familiar voice of Luke Bartholomew, our in-house Monetary Economist. Together they discuss the impending ECB strategic review and how climate change can be incorporated into monetary policy.

Part 1
gives the background on the ECB strategic review, and explains how the inflation target and the tools of monetary policy may change.

Part 2 focuses in on climate change in relation to monetary policy, the tools a central bank has to fight climate change, and how it fits in with the ECB’s mandate.

If you’re enjoying Macro Matters, we’d like to hear from you. Share your thoughts on episodes past or give us ideas on future topics by dropping us an email using macromatters@aberdeenstandard.com. You can also continue the conversation with us on LinkedIn too.

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If you missed last week's episode of Macro Matters, catch up now and join Steph and Paul as they discuss the future of the European fiscal rules.

 

Transcript

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Risk warning

Risk Warning

The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested.