Frank_van_Lerven Profile picture
Macro environmental wonk. Working on integrating environmental and distributional risks in fiscal/monetary policy. Tweets my own etc.
Jul 5, 2023 14 tweets 4 min read
🔥New paper🔥

Central banks needn't generate unemployment (or a recession) to offset inflationary supply shocks.

Monetary-fiscal coordination levers ought to be considered as macro stablization tools🧰, our results hold for NK+PK models.

W/ Rob Jump, @JoMicheII and @meadwaj. The global economy has been hit by rolling supply shocks - Covid pandemic, Ukraine invasion, climate change - since the start of the Covid-19 pandemic. These shocks have contributed to rising inflation through 2022 and 2023, prompting central banks to tighten monetary policy.
2/
Feb 26, 2021 19 tweets 7 min read
🗞️New: Ecological Economics (Free)🗞️

"Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy" w/ @jryancollins @NEF

Climate financial risks are riddled w/ radical uncertainty: what to do? 🤔
[Thread]
bit.ly/3kqTm4B
Image It is now widely accepted that climate change poses serious threats to financial stability - through climate related financial risks (CRFR), otherwise known as transition and physical risks - and thus falls squarely into the mandate of central banks and financial supervisors.
1/ Image