The survey also reveals that, alongside reputational risk, risk-return considerations are among the key drivers here. Central banks can pave the way for more sustainability. Particularly with portfolios that are not geared towards monetary policy, but also as fiscal agents. At the Bundesbank, we are currently reviewing how sustainable our euro-denominated own funds portfolio already is and where there is still room for improvement.
Both these characteristics – deep sensitivity to poverty and a commitment to data based research to understand poverty – have in a way determined Prof. Tendulkar’s academic and career graph. His academic track record will overawe any student of economics.