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2022 | OriginalPaper | Buchkapitel

8. Rethinking Monetary Policy in the Framework of Inclusive and Sustainable Growth

verfasst von : Salvador Pérez-Moreno, Natalia Martín-Fuentes, Juan-Francisco Albert

Erschienen in: Economic Policies for Sustainability and Resilience

Verlag: Springer International Publishing

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Abstract

The 2030 Agenda for Sustainable Development places equality and sustainability at the centre of policy agendas. Nowadays, socially inclusive and environmentally sustainable economic growth is a central priority of public policy for most governments worldwide. Based on the theoretical and conceptual frameworks of inclusive growth and sustainable growth, we focus on monetary policy as a powerful macroeconomic policy tool connected with distributional and environmental issues. We deal with how high levels in income and wealth inequality, on the one hand, and shocks related to environmental degradation and climate change, on the other hand, it might have substantial implications for the conduct of monetary policy. We also contribute to the ongoing debate on rethinking monetary policy in terms of intra- and inter-generational equity by assessing the extent to which central banks could actively contribute to reducing economic inequalities and environmental unsustainability and internalize these challenges in their policy objectives and actions.

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Titel: Rethinking Monetary Policy in the Framework of Inclusive and Sustainable Growth
verfasst von: Salvador Pérez-Moreno
Natalia Martín-Fuentes
Juan-Francisco Albert
Verlag: Springer International Publishing
Buch: Economic Policies for Sustainability and Resilience
Print ISBN: 978-3-030-84287-1

Electronic ISBN: 978-3-030-84288-8

Copyright-Jahr: 2022
DOI: https://doi.org/10.1007/978-3-030-84288-8_8

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