Past Event

Climate change and the role of central banks

What connections exist between central banks and climate change, and what are the resulting implications?

Date: September 16, 2019, 8:30 am Topic: Green economy

Bruegel is excited to host this event in conjunction with Narodowy Bank Polski (NBP) about the role of central banks in climate change. Climate change and government measures in response to it (transitions to a low-emissions economy) are a structural disruption. The aim of the event is to assess the impact of this disruption on the performance of the main tasks of central banks: monetary policy, financial system stability, and reserve management.

The subject of this event will be introduced and elaborated upon by Bruegel’s Non-Resident Fellow Dirk Schoenmaker. The introduction will be followed by panel discussions with participation of experts from various international financial institutions, central banks and academia.

This is an invitation-only event. 

Schedule

Sep 16, 2019

08.30-09.00

Registration and welcome coffee

09.00-09.30

Introduction

Dirk Schoenmaker, Non-Resident fellow

09.30-10.30

Panel discussion I

Emanuele Campiglio, Assistant Professor, Vienna University of Economics and Business and Visiting Fellow, London School of Economics

Pierre Monnin, Fellow, Council on Economic Policies

Kjell G. Nyborg, Deputy Head of Department of Banking and Finance, University of Zurich and Senior Chair, Swiss Finance Institute

Luiz Awazu Pereira da Silva, Deputy General Manager, Bank for International Settlements

Additional speaker to be confirmed

10.30-10.45

Q&A

10.45-11.15

Coffee break

11.15-12.15

Panel discussion II

Chair: Paul Hiebert, Head of Systemic Risk and Financial Institutions Division, ECB

Chair: Mario Quagliariello, Director, Economic Analysis and Statistics, European Banking Authority

Chair: Mattia Romani, Managing Director, EBRD

Additional speaker to be confirmed

12.15-12.30

Q&A

12.30-12.35

Closing remarks

Paweł Samecki, Director of the International Department at Narodowy Bank Polski

12.35-13.35

Lunch

13.35

End

Speakers

Emanuele Campiglio

Assistant Professor, Vienna University of Economics and Business and Visiting Fellow, London School of Economics

Paul Hiebert

Head of Systemic Risk and Financial Institutions Division, ECB

Pierre Monnin

Fellow, Council on Economic Policies

Kjell G. Nyborg

Deputy Head of Department of Banking and Finance, University of Zurich and Senior Chair, Swiss Finance Institute

Luiz Awazu Pereira da Silva

Deputy General Manager, Bank for International Settlements

Mario Quagliariello

Director, Economic Analysis and Statistics, European Banking Authority

Mattia Romani

Managing Director, EBRD

Paweł Samecki

Director of the International Department at Narodowy Bank Polski

Dirk Schoenmaker

Non-Resident fellow

Location & Contact

Narodowy Bank Polski, Świętokrzyska 11/21, 00-919 Warsaw

Katja Knezevic

[email protected]

Read article More on this topic
 

Opinion

Scorching summers are becoming the new normal. Can Europe prepare itself?

This opinion was originally published in Le Monde, El Pais and Die Zeit. Summer in Europe has barely started, yet a blistering heatwave has already hit France this June, earlier than ever since the start of official records. Forest fires are raging in Spain, and Northern Italy is experiencing a record drought that is ruining […]

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: July 12, 2022
Read article Download PDF More on this topic
 

Policy Contribution

An analysis of central bank decision-making

An earlier version of this paper was presented at ‘The MPC at 25’, a conference organised by the United Kingdom’s National Institute of Economic and Social Research, in London, 30 March 2022 The process by which central banks take decisions has evolved over the years, with a tendency towards independence and decisions taken by committees […]

By: Maria Demertzis, Catarina Martins and Nicola Viegi Topic: Banking and capital markets Date: July 11, 2022
Read article More on this topic More by this author
 

Opinion

Central banks have been too slow in responding to higher inflation

Tackling inflation requires both monetary and fiscal policy tightening. It should be done quickly to avoid building up inflationary inertia and stagflation

By: Marek Dabrowski Topic: Macroeconomic policy Date: July 6, 2022
Read about event
 

Past Event

Past Event

Shifting taxes in order to achieve green goals

How could shifting the tax burden from labour to pollution and resources help the EU reach its climate goals?

Speakers: Heather Grabbe, Femke Groothuis, Carola Maggiulli, Niclas Poitiers and Kinga Tchorzewska Topic: Green economy, Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 6, 2022
Read article More on this topic More by this author
 

Blog Post

The implications for public debt of high inflation and monetary tightening

Expected increases in interest rates and reductions in real GDP growth rates will result in relatively small increases in public debt-to-GDP ratios, but inflation will reduce debt ratios very substantially

By: Zsolt Darvas Topic: Macroeconomic policy Date: June 29, 2022
Read article Download PDF More on this topic
 

Policy Contribution

How can the European Union adapt to climate change?

A stronger adaptation governance framework would benefit adaptation efforts.

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: June 28, 2022
Read article Download PDF
 

External Publication

European governanceEuropean Parliament

Fragmentation risk in the euro area: no easy way out for the European Central Bank

The ECB should design a specific tool that will accompany interest rate hikes to neutralise the risk of fragmentation directly for countries facing it, staying within the bounds of the EU treaties and ensuring political legitimacy. We also advocate structural changes to the ECB’s collateral framework to avoid unnecessary uncertainty surrounding the safe asset status of European sovereign bonds.

By: Maria Demertzis, Grégory Claeys and Lionel Guetta-Jeanrenaud Topic: European governance, European Parliament, Testimonies Date: June 8, 2022
Read article More by this author
 

Opinion

European governance

Three headaches for the European Central Bank

Even though inflation in the euro area is lower than in the US, three issues make it a lot more difficult for the ECB to control inflation and preserve financial stability. Once again, the limits of EMU architecture are visible and will require a rethink.

By: Maria Demertzis Topic: European governance, Macroeconomic policy Date: May 31, 2022
Read article More on this topic More by this author
 

Podcast

Podcast

Taming inflation?

What are the implications of prolonged inflation?

By: The Sound of Economics Topic: Macroeconomic policy Date: May 25, 2022
Read about event More on this topic
 

Past Event

Past Event

How are crises changing central bank doctrines?

How is monetary policy evolving in the face of recent crises? With central banks taking on new roles, how accountable are they to democratic institutions?

Speakers: Maria Demertzis, Benoît Coeuré, Pervenche Berès, Hans-Helmut Kotz and Athanasios Orphanides Topic: Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 11, 2022
Read article
 

External Publication

The Global Quest for Green Growth: An Economic Policy Perspective

A review on green growth and degrowth arguments.

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Global economy and trade, Green economy Date: May 5, 2022
Read article More on this topic
 

Blog Post

Climate migration: what do we really know?

While uncertain, studies suggest that climate change will cause significant internal and international migration over the next century.

By: Klaas Lenaerts and Simone Tagliapietra Topic: Global economy and trade Date: April 25, 2022
Load more posts