IDEAS home Printed from https://ideas.repec.org/a/taf/jpolrf/v25y2022i3p259-271.html
   My bibliography  Save this article

Does the ECB policy of quantitative easing impact environmental policy objectives?

Author

Listed:
  • Nathalie Hilmi
  • Salpie Djoundourian
  • Wassim Shahin
  • Alain Safa

Abstract

The relationship between the environment and climate change on one hand and the financial system, financial regulation and monetary policy on the other is growing in importance. This paper examines the possible impact of the European Central Bank’s monetary policy of quantitative easing on the environmental policy of the European Union. Using data from Climate Bonds Initiative, the paper analyses the variation in the amount of “green labelled bonds” issued in the individual member countries of the Eurozone areas, as a function of liquidity inducing monetary policy variables. The paper finds a positive and significant relationship between the two measures.

Suggested Citation

  • Nathalie Hilmi & Salpie Djoundourian & Wassim Shahin & Alain Safa, 2022. "Does the ECB policy of quantitative easing impact environmental policy objectives?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 25(3), pages 259-271, July.
    • Handle: RePEc:taf:jpolrf:v:25:y:2022:i:3:p:259-271
    DOI: 10.1080/17487870.2020.1855176
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17487870.2020.1855176
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17487870.2020.1855176?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpolrf:v:25:y:2022:i:3:p:259-271. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GPRE19 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.