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Monica DiLeo @monicadileo.bsky.social · 4h

And special credit to work by @petercontibrown.bsky.social Leah Downey @manuelamoschella.bsky.social @jvtk.bsky.social and the many others cited within which inspired parts of this report

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Monica DiLeo @monicadileo.bsky.social · 4h

I welcome feedback as well as suggestions for other relevant work as I continue to explore this topic! Special thanks to @wabateman.bsky.social @benbraun.bsky.social @sylvainmaechler.bsky.social Luiz Awazu Pereira da Silva @apsmolenska.bsky.social @romainsvartzman.bsky.social for feedback

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Monica DiLeo @monicadileo.bsky.social · 4h

This is a big topic, and my report is a first attempt on my part to help central bankers make sense of their institutional position within inherently uncertain political systems (and builds on a short piece I wrote for Just Money at the start of 2024)

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Monica DiLeo @monicadileo.bsky.social · 4h

However, political avoidance is a false substitute for political neutrality. The report concludes by offering several principles for central bankers to take forward in coping with political uncertainty while acting faithfully in service of their mandated objectives.

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Monica DiLeo @monicadileo.bsky.social · 4h

Importantly, political uncertainty shouldn't be viewed negatively, nor is it necessarily resolvable. The risk is that uncertainty leads to inaction on issues core to central bank mandates, including in the context of climate change and a green transition.

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Monica DiLeo @monicadileo.bsky.social · 4h

I distinguish three types of political uncertainty to provide an initial framework to think about the ways this manifests in central bankers' work: domestic, transnational, and dynamic

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Monica DiLeo @monicadileo.bsky.social · 4h

This picks up on prior work that has focused on how climate policy uncertainty impacts central banks' tasks, and broadens the focus to see central banks as embedded and interdependent institutions within political systems and the opportunities and challenges this presents for central bankers

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Monica DiLeo @monicadileo.bsky.social · 4h

In this report, I focus on outlining the political uncertainty that central bankers face by the very nature of their existence within democratic political systems that institutionalize uncertainty, focusing on the context of climate change and green transition

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Monica DiLeo @monicadileo.bsky.social · 4h

New report out now with @granthamlse.bsky.social CETEx: "A framework for central banks navigating political uncertainty in the transition"

cetex.org/publications...

A framework for central banks navigating political uncertainty in the transition - CETEx

This report recommends three principles for coping with the political uncertainty faced by central bankers.

cetex.org

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Reposted by Monica DiLeo

Manuela Moschella @manuelamoschella.bsky.social · 13d

How do political institutions shape today’s wave of economic interventionism? 🇺🇸 vs 🇪🇺

Find out in our new article just out in @govjournal.bsky.social
onlinelibrary.wiley.com/doi/full/10.... @donatodc.bsky.social

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Reposted by Monica DiLeo

James Jackson @james7jackson.bsky.social · Sep 4

NEW PUBLICATION - The Great Dane @mathiaslarsen.bsky.social Larsen and I review the differing concepts of state-led approaches to the green transition over the past two decades. We attempt to provide some conceptual coherence to the debate. The article is Open Access.

Mathias Larsen @mathiaslarsen.bsky.social · Sep 3

New article with @james7jackson.bsky.social out in Competition & Change: The green versus environmental state: Reviewing two decades of conceptualizing state-led approaches

journals.sagepub.com/doi/10.1177/...

Sage Journals: Discover world-class research

Subscription and open access journals from Sage, the world's leading independent academic publisher.

journals.sagepub.com

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Reposted by Monica DiLeo

Benjamin Braun @benbraun.bsky.social · Sep 1

Migrating birds, selective blindness, strategic skepticism, weaponized uncertainty – this paper has it all. Do give it a read, it's excellent work.

Jérôme Deyris @jdeyris.bsky.social · Sep 1

🚨 New paper accepted in @JCMS_journal! 🚨

"Central bankers as migrating birds: How inflation shapes the rhetorical strategies of doves and hawks"
With Bart Stellinga and Matthias Thiemann

Paper: doi.org/10.1111/jcms...
Blog: lnkd.in/eNAm9NzA

Central Bankers as Migrating Birds: How Inflation Shapes the Rhetorical Strategies of Doves and Hawks

The Eurosystem is built on a compelling promise: shielded from national politics, ECB Governing Council members would be better positioned to deploy their science-based expertise. Far from embodying ...

doi.org

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Reposted by Monica DiLeo

Clem Fon @clemfon.bsky.social · Sep 1

Since the start of von der Leyen's second mandate, EU sustainable finance norms face intense dismantling pressures. My new @JEPP article shows this started years ago when the fossil fuel industry “woke up” to the EU Taxonomy. 🧵 #EUTaxonomy #SustainableFinance👇 1/10

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Reposted by Monica DiLeo

Jérôme Deyris @jdeyris.bsky.social · Sep 1

🚨 New paper accepted in @JCMS_journal! 🚨

"Central bankers as migrating birds: How inflation shapes the rhetorical strategies of doves and hawks"
With Bart Stellinga and Matthias Thiemann

Paper: doi.org/10.1111/jcms...
Blog: lnkd.in/eNAm9NzA

Central Bankers as Migrating Birds: How Inflation Shapes the Rhetorical Strategies of Doves and Hawks

The Eurosystem is built on a compelling promise: shielded from national politics, ECB Governing Council members would be better positioned to deploy their science-based expertise. Far from embodying ...

doi.org

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Reposted by Monica DiLeo

Jérôme Deyris @jdeyris.bsky.social · Jul 30

🚨 Very happy to announce that our paper "Warning words in a warming world: Central bank communication and climate change" has been accepted in the European Economic Review!

Open access here: doi.org/10.1016/j.eu...

With @emacampiglio.bsky.social @davideromelli.bsky.social and Ginevra Scalisi

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Reposted by Monica DiLeo

Nils Kupzok @nilskupzok.bsky.social · Jul 31

Is the climate strategy behind the IRA dead after the GOP's massive cuts to its clean energy subsidies?

In my new piece for @foreignaffairs.com, I argue: No!

www.foreignaffairs.com/united-state...

Climate Policy Is Still Good for Business

The green transition will survive cuts to U.S. subsidies.

www.foreignaffairs.com

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Reposted by Monica DiLeo

Benjamin McKean @blmckean.bsky.social · Jul 14

“…he presented his Texas ID, Social Security card and a wallet-sized birth certificate. The agents refused to believe he was a citizen and took him into custody. “I told them we had rights and asked to make a phone call. But they told us, 'You don't have rights to anything'," Galicia told the paper”

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Reposted by Monica DiLeo

Benjamin Braun @benbraun.bsky.social · Jul 1

🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate.

Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.

We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...

Screenshot of the title page of linked article:
"Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks"
By Benjamin Braun and Maximilian Düsterhöft

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Reposted by Monica DiLeo

Richard Bärnthaler @rbaernthaler.bsky.social · Jun 9

Enabled by institutional capacity & aligned political and technocratic priorities, the People’s Bank of China has led on green central banking. It: acted early; addresses broad environmental issues beyond climate; promotes green investment, not just prudential policies.

doi.org/10.1080/1356...

A less reluctant (green) Atlas? Explaining the People’s Bank of China’s distinctive environmental shift

Why did the Chinese central bank embrace environmental policies earlier than Western central banks and with a consistent focus on a wider range of environmental issues and more ambitious promotiona...

doi.org

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Reposted by Monica DiLeo

Environmental Politics @environmentalpol.bsky.social · Jun 10

New!

Public opinion foundations of the clean energy transition by
Alexander F. Gazmararian, Matto Mildenberger & Dustin Tingley.

This review article clarifies how public opinion's role in the clean energy transition, & charts priorities for future research.

doi.org/10.1080/0964...

ABSTRACT

Popular debates about political barriers to the clean energy transition increasingly acknowledge the mass public’s role, but often summarize its importance with amorphous concepts like ‘political’ or ‘public will.’ This essay clarifies how the public’s beliefs, preferences, and behaviors affect the clean energy transition through three channels: policymaker incentives, electoral selection, and technology adoption and siting. In turn, we consider how energy and climate policy design can influence the mass public’s preferences, emphasizing cost and benefit visibility, public perceptions of distributional effects, and cross-domain policy linkages. Drawing from our framework, we outline priorities for public opinion research on the clean energy transition.

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Reposted by Monica DiLeo

James Jackson @james7jackson.bsky.social · Jun 2

🚨New Publication 🚨 in New Political Economy with the one and [email protected]. We propose the term 'Green Financial Planning' to tie together many of the terms in political economy at the moment, and demonstrate that green finance is much more than a few loans/bonds with green names

Mathias Larsen @mathiaslarsen.bsky.social · Jun 1

‪New article out in New Political Economy! My co-author,
@james7jackson.bsky.social, and I propose the concept of 'green financial planning' to capture how the Paris Agreement presents a state-capital relationship around planning.

www.tandfonline.com/doi/full/10....

Green financial planning: a state-capital relationship meta-governed through the Paris agreement

The political economy literature has witnessed a proliferation of ‘green’ interpretations of long-standing analytical subjects in recent years. This includes green industrial policy, green macrofin...

www.tandfonline.com

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Reposted by Monica DiLeo

Nick Taylor @ntaylor.bsky.social · Jun 2

This Wednesday at QMUL - @aargatsbmatqmul.bsky.social hosts 'Transforming Central Banking in the Ecological Crisis: intersecting perspectives from political economy and accounting'.

Register and share:

www.tickettailor.com/events/queen...

Select tickets – Transforming central banking in the ecological crisis: intersecting perspectives from political economy and accounting – Queen Mary University of London, iQ East (Scape) 0.14

This event brings together scholars to discuss political economy and accounting perspectives on the challenges for transforming...

www.tickettailor.com

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Monica DiLeo @monicadileo.bsky.social · May 30

Brilliant (and scary) analysis

Benjamin Braun @benbraun.bsky.social · May 30

We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.

America’s Braudelian Autumn | Benjamin Braun & Cédric Durand

Factions of capital in the second Trump administration

www.phenomenalworld.org

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Monica DiLeo @monicadileo.bsky.social · May 30

Haha, so glad I could provide this for you

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Monica DiLeo @monicadileo.bsky.social · May 30

15/ @romainsvartzman.bsky.social @manuelamoschella.bsky.social @mattvermeir.bsky.social @nilskupzok.bsky.social @sylvainmaechler.bsky.social @carogarriga.bsky.social @danmertens.bsky.social @stephangruber.bsky.social @greencb.bsky.social

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