Essays on Climatic Disruptions and Monetary Policy
This thesis consists of four research papers that examine the macroeconomic effects of climate change and the implications for the conduct and design of optimal monetary policy. The first paper (joint with Warwick McKibbin) examines alternative monetary regimes and evaluates the performance of the conventional inflation targeting framework from the standpoint of Australia. Specifically, the paper examines (i) how well each monetary regime can handle supply shocks; (ii) the challenges...[Show more]
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