Monetary policy against austerity? with Daniela Gabor
Crash Course Economics
00:00
Structural Transformations for Green Deals and Transitioning to Low Carbon Economies
The chapter delves into the structural transformations needed for green deals and transitioning to low carbon economies, advocating for stronger state intervention. It discusses the challenges of aligning monetary financing with climate crisis movements and distinguishes between green and dirty finance. The conversation emphasizes the necessity of a new coordination mechanism between central banks and treasuries to drive the transition towards a sustainable economy.
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