Banks' climate commitments and credit to carbon-intensive industries: new evidence for France
In: Climate policy, Band 22, Heft 3, S. 389-400
ISSN: 1752-7457
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In: Climate policy, Band 22, Heft 3, S. 389-400
ISSN: 1752-7457
In: Banque de France Working Paper No. 743, November 2019
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Working paper
In: Applied Economics, Band 43, Heft 2, S. 153-172
The real interest rate gap or IRG -the gap between the short term real interest rate and its "natural" level-, is a theoretical concept that has attracted much attention in central banks in recent years. This paper aims at clarifying its practical relevance for monetary policy in real time. For this purpose, it provides an empirical assessment of the usefulness of a semi-structural versus purely statistical estimates of the real IRG for predicting policy relevant macroeconomic variables in the euro area. However mixed, the results confirm that semi-structural estimates of the real IRG deserve being added to the central banks' toolbox.
In: The European journal of the history of economic thought, Band 14, Heft 4, S. 657-680
ISSN: 1469-5936
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In: Journal of international economics, Band 152, S. 104021
ISSN: 0022-1996
In: Journal of international economics, Band 135, S. 103569
ISSN: 0022-1996
In: Banque de France Working Paper No. 792
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In: CEPR Discussion Paper No. DP14512
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In: ECB Working Paper No. 1546
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In: Banque de France Working Paper, February 2018, WP #710
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In: Banque de France Working Paper No. 611
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In: Paris December 2011 Finance Meeting EUROFIDAI - AFFI
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