It’s not just up to the end consumer to pick green energy over brown, or the utility company to provide green energy. Or the bank to finance the green utility company. It needs a concerted effort from all parties. But bringing about a green transformation requires enormous investment. And that means the financial sector – which is you, my friends!
For example, it is unclear whether the announcement of quantitative inflation targets lessens the short-run tradeoff between employment and inflation, and whether it helps anchor inflation expectations.