Difference between revisions of "Green Quantitative Easing"
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| − | In a ''' | + | In a '''Green Quantitative Easing''' program, new money is created – literally out of thin air – and used to buy [[bond]]s, but in this case they would be bonds issued by a government-owned Green Investment Bank.<ref>https://www.theguardian.com/sustainable-business/2015/jan/12/printing-money-fund-green-investments</ref> Alexander Barkawi writes that policy makers should steer away from [[securities]] backed by car loans: |
:''“The current environment of ultra-low interest rates, together with significant asset purchases by [[central bank]]s could offer a remarkable opportunity to channel more [[capital]] towards a [[low-carbon economy]], and to pursue what several experts and [[policymaker]]s have coined as “Green Quantitative Easing....Leading central bankers are increasingly clear that dealing with the financial risks of [[climate change]] is part of their job. Making sure that [[monetary policy]] is pointing in the same direction is a logical and necessary next step.”''<ref>https://www.wsj.com/articles/green-quantitative-easing-1495173792</ref> | :''“The current environment of ultra-low interest rates, together with significant asset purchases by [[central bank]]s could offer a remarkable opportunity to channel more [[capital]] towards a [[low-carbon economy]], and to pursue what several experts and [[policymaker]]s have coined as “Green Quantitative Easing....Leading central bankers are increasingly clear that dealing with the financial risks of [[climate change]] is part of their job. Making sure that [[monetary policy]] is pointing in the same direction is a logical and necessary next step.”''<ref>https://www.wsj.com/articles/green-quantitative-easing-1495173792</ref> | ||
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==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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| + | [[Category:Economics]] | ||
Latest revision as of 20:49, February 17, 2019
In a Green Quantitative Easing program, new money is created – literally out of thin air – and used to buy bonds, but in this case they would be bonds issued by a government-owned Green Investment Bank.[1] Alexander Barkawi writes that policy makers should steer away from securities backed by car loans:
- “The current environment of ultra-low interest rates, together with significant asset purchases by central banks could offer a remarkable opportunity to channel more capital towards a low-carbon economy, and to pursue what several experts and policymakers have coined as “Green Quantitative Easing....Leading central bankers are increasingly clear that dealing with the financial risks of climate change is part of their job. Making sure that monetary policy is pointing in the same direction is a logical and necessary next step.”[2]
External link
- The Economic Failure Of Green Quantitative Easing, By Tim Worstall, December 4, 2018.