Alisna and Summers Central Bank Independence vs Inflation. Is this a good model to Green the economy?
(Image by Wikipedia (commons.wikimedia.org), Author: Author Not Given) Details Source DMCA
Central bank independence is a myth. What about green central banking?Last week the ECB announced its new policy of ‘going green’. How can a conventional central bank do this? Only by discriminating against bonds and equities issued by companies damaging the environment that it accepts as collateral, or which it buys, in return for loans ‘greening’ its purchase/acceptance policy. Is ‘green central banking’ a move in the right direction? Or is it a sign of desperate times?