Harnessing monetary and fiscal policy for a changing world
Wednesday 17 November 2021 – Vol.12 Ed.46.3
Commentary: Climate crisis will bring global stagflation
By Taylor Pearce in London
How much power do central banks have to address the climate change crisis? The answer, it would seem, is not much, especially if the implementation of global climate policy is postponed. Climate change will have a global stagflationary effect overall and will need to be addressed by tighter monetary policy....