Using a frequency-based filter, I document the existence of a euro-area financial cycle and
high- and low-amplitude national financial cycles. Applying concordance and similarity …

Greening the economy is high on the political agenda. As early as 2015, the Paris Agreement
set ambitious targets to combat climate change. Efforts have since become broader and …

Climate change is one of the greatest challenges of this century. Mitigation requires a
largescale transition to a low-carbon economy. This paper provides an overview of the rapidly …

We examine economic convergence among euro area countries on multiple dimensions.
While there was nominal convergence of inflation and interest rates, real convergence of per …

Global investment to achieve the Paris Agreement’s temperature and adaptation goals
requires immediate actions—first and foremost—on climate policies. Policies should be …

Greening the economy is high on the political agenda. As early as 2015, the Paris Agreement
set ambitious targets to combat climate change. Efforts have since become broader and …

Climate change is a major threat to the sustainability and inclusiveness of our societies, and
to the planet’s habitability. A just transition to a low-carbon economy is the only viable way …

This paper analyses the transboundary climate-related economic and financial risks that could
result from a decarbonisation of the world economy. The paper first provides a typology of …

4. For any illustrations that cannot be reproduced satisfactorily by xerography, photographic
prints can be purchased at additional cost and tipped into your xerographic copy. Requests …

Central banks and financial supervision authorities increasingly acknowledge that climate
change poses significant threats to financial and monetary stability (NGFS, 2019; NGFS, …