Speeches in the green: The political discourse of green central banking

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F25%3AQZ25DTHT" target="_blank" >RIV/00216208:11320/25:QZ25DTHT - isvavai.cz</a>

Výsledek na webu

<a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85194464691&doi=10.1016%2fj.eneco.2024.107646&partnerID=40&md5=ae748056d8457f9727b47a190af81f1a" target="_blank" >https://www.scopus.com/inward/record.uri?eid=2-s2.0-85194464691&doi=10.1016%2fj.eneco.2024.107646&partnerID=40&md5=ae748056d8457f9727b47a190af81f1a</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.eneco.2024.107646" target="_blank" >10.1016/j.eneco.2024.107646</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Speeches in the green: The political discourse of green central banking

Popis výsledku v původním jazyce

In this paper, we employ a keyword-assisted topic model to quantify the extent of climate-related communication of central banks. We find evidence for a significant increase in climate-related speeches by central banks, which address the topic mostly in parallel with issues related to financial stability, whereas monetary policy and price stability are less emphasized. Finally, we examine factors that can explain the extent of green communication by central banks. Controlling for macroeconomic and climate-related variables, we identify two external factors that can prompt central banks to increase green communication: First, peer pressure, as measured by membership in Network for Greening the Financial System (NGFS), increases green communication. Second, a high degree of governmental climate engagement, reflected by the scope of national climate policies, correlates positively with central banks’ green communication. Whether the central bank has an implicit or explicit sustainability mandate, however, does not explain the extent of green communication. © 2024 Elsevier B.V.

Název v anglickém jazyce

Speeches in the green: The political discourse of green central banking

Popis výsledku anglicky

In this paper, we employ a keyword-assisted topic model to quantify the extent of climate-related communication of central banks. We find evidence for a significant increase in climate-related speeches by central banks, which address the topic mostly in parallel with issues related to financial stability, whereas monetary policy and price stability are less emphasized. Finally, we examine factors that can explain the extent of green communication by central banks. Controlling for macroeconomic and climate-related variables, we identify two external factors that can prompt central banks to increase green communication: First, peer pressure, as measured by membership in Network for Greening the Financial System (NGFS), increases green communication. Second, a high degree of governmental climate engagement, reflected by the scope of national climate policies, correlates positively with central banks’ green communication. Whether the central bank has an implicit or explicit sustainability mandate, however, does not explain the extent of green communication. © 2024 Elsevier B.V.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Projekt

—

Návaznosti

—

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Energy Economics

ISSN

0140-9883

e-ISSN

—

Svazek periodika

135

Číslo periodika v rámci svazku

2024

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

14

Strana od-do

1-14

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85194464691