BIS central bankers’ speeches  3  may act to shift down the neutral rate, the effects on the dynamic path of policy as it returns to the neutral are somewhat more complex. While the expected neutral funds rate is something that may be relevant, estimating and communicating a value with any confidence would be challenging.
Jens Weidmann: What role should central banks play in combating climate change? Remarks by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chair of the Board of Directors of the Bank for International Settlements, at the ILF Online-Conference “Green Banking and Green Central Banking: What are the right concepts?”, Goethe University Frankfurt, 25 January 2021.