Is climate change a monetary phenomenon? Evidence from time series analysis

Olatunji Abdul Shobande* (Corresponding Author)

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

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 languageEnglish
Pages (from-to)99-111
Number of pages13
JournalThe International Journal of Sustainable Development and World Ecology
Volume29
Issue number2
Early online date29 Apr 2021
DOIs
Publication statusPublished - 2022

Keywords

  • Interest Channel
  • climate change
  • Monetary policy
  • Credit risk
  • VAR Model
  • East Africa

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