Climate change and monetary policy in the euro area seminar

Mar, 16/11/2021 - 17:30 / 19:00

aula 205, Viale Romania 32

Speaker: dott. Francesco Drudi (Principal Advisor, Directorate General Monetary Policy, ECB). , ECB



Climate change is modifying the economic landscape in which monetary policy is operating. The ECB is assessing the main consequences for the conduct of monetary policy. In addition, climate change is affecting the risk profile of issuers and borrowers. It is therefore necessary for the ECB to consider the implication for risk management practices within the Eurosystem. Finally, the ECB is considering how the alignment to Paris objectives will need to be taken into account in its monetary policy framework