Glenn Rudebusch is a nonresident senior fellow at the Brookings Institution with the Hutchins Center on Fiscal & Monetary Policy and a senior fellow at New York University in the Volatility and Risk Institute of the Stern School of Business.

December 9, 2023

Analysis

Climate Divergence

The politics of green central banking at the Fed and ECB

, Glenn Rudebusch, Jens van 't Klooster

Ten years ago, the current predicament of central bankers would seem unthinkable: to what extent should they contribute to society’s response to climate change? As the impacts of climate change have escalated, most central banks have begun to appreciate the…