Abstract
This study examined the role of monetary policy in addressing climate change in the East African Community using a time series approach. The empirical evidence shows that monetary policy through the credit and interest rate channel can help smooth the transition to low-carbon economies, but at the cost of financial uncertainty
Original language | English |
---|---|
Pages (from-to) | 99-111 |
Number of pages | 13 |
Journal | The International Journal of Sustainable Development and World Ecology |
Volume | 29 |
Issue number | 2 |
Early online date | 29 Apr 2021 |
DOIs | |
Publication status | Published - 2022 |
Keywords
- Interest Channel
- climate change
- Monetary policy
- Credit risk
- VAR Model
- East Africa