(2021), “From green neglect to green dominance?”, speech at the “Greening Monetary Policy – Central Banking and Climate Change” online seminar, 3 March; and Papoutsi, M., Piazzesi, M. and Schneider, M. (2021), “How unconventional is green monetary policy?”, JEEA-FBBVA Lecture at ASSA, January.. 21.
The carbon footprint of the stock of corporate bond holdings depends on the net flow of assets, which is determined by not only the amounts of reinvestments following the tilted benchmark allocation, but also the amount and composition of maturing assets in any given month.