One of the most comprehensive takes you’ll find on Kevin Warsh! Essential reading

📣 New #openaccess #BJPIR article out now! 'Why the Fed and ECB parted ways on climate change: The politics of divergence in the global central banking community' by @monicadileo.bsky.social, @glennrudebusch.bsky.social & @jvtk.bsky.social 🔗 buff.ly/hF3lr0B @polstudiesassoc.bsky.social

Happy to share that my next book 'The Fiscal Fed' will be published by University of Chicago Press in Fall 2026! Cover design pending: happy to share this beautiful poster from the Harvard Law and Political Economy Project (2023).

Why do global environmental institutions multiply and persist even when they seem unable to address biodiversity loss and environmental governance failures effectively? Our new OA article with @jacquelinebest.bsky.social in @risjnl.bsky.social tries to answer this question. 1/7 cup.org/4hZNlcX

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

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

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.

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

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

🚨 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

🚨 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

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...

🚨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/...

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...

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...

🚨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

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...

Brilliant (and scary) analysis

New (open access!) paper out now with Eric Helleiner and Hongying Wang in New Political Economy: "A less reluctant (green) Atlas? Explaining the People’s Bank of China’s distinctive environmental shift" 1/ A brief thread 🧵 doi.org/10.1080/1356...

If you’ll be on London on June 4, check out this great event (I’ll be there speaking on central banking!)

🚨 New open access article 🚨 Out now in Journal of Financial Regulation with Alex Goghie and Matteo Giordano 'Encumbered Security? Vertical and Horizontal Repos in the Euro Area and Their Inherent Ambiguity' academic.oup.com/jfr/advance-...

Happening next week at Hertie!

A quick summary 🧵 ! 🌍🌍🌍 @kprodani.bsky.social and I make two new claims, provocatively stated: (i) Quantifying climate transition risk is easy, biodiversity is not (ii) The most recent regulatory strategies entirely escape the "risk-based approach" said to dominate prudential policy. /1

📢 Now Published in Issue! 📢 Our article on what politicians think about the ECB is now out in @jcms-eu.bsky.social We surveyed Members of the European Parliament to uncover their views on the ECB 👉 Available at onlinelibrary.wiley.com/doi/10.1111/... And a short thread here -->

As the Trusk regime is wrecking the state apparatus that brought us the IRA, it's more urgent than ever to understand the politics of green macrofinancial regimes. Here's a 🧵 on the result of @danielagabor.bsky.social and I wrecking our brains for four years. www.tandfonline.com/doi/full/10....

Why does the largest trading bloc on the planet have a miniature-sized currency? With Trump, the EU will again much regret this. 🎈In a new working paper, @steffenmurau.bsky.social and I set out to theorise failure and develop a new IPE perspective that foregrounds offshore money. A thread 🧵

Great summary on the NGFS by @krdgnydn.bsky.social!

If you ever wanted to find out what would happen when you run the government like a business (& in this case, a poorly run business), well, we're very deep in the FO stage of the FAFO now.

"Central bank independence" www.nytimes.com/2025/02/07/b...

The revelation we were all waiting for via @nytimes.com

to understand the 'green capitalism' part of how the US got here, read our @benbraun.bsky.social account: colliding macrofinancial regimes - when China's Big Green State meets Biden's Robust Derisking, there is one winner. New @ripejournal.bsky.social www.tandfonline.com/doi/full/10....

🏦🍃US green finance policy shifts: Fed exits NGFS Trump orders Paris Agreement withdrawal @monicadileo.bsky.social's Digest on green financial policies is a must-read for context. Her analysis of Fed-ECB divergence on climate action is spot on. Read here: e-axes.org/research/the... #GreenFinance

1/15 I am very excited that our paper "Warning words in a warming world: Central bank communication and climate change" with Emanuele Campiglio, @davideromelli.bsky.social and Ginevra Scalisi is available as a working paper! 🧵 below, with a surprise! www.lse.ac.uk/granthaminst...

And for my second ever post, I thought all weekend about the Fed's preemptive pulling out from the NGFS, and what this means in light of the paper that Eric Helleiner, @jvtk.bsky.social and I wrote last year. onlinelibrary.wiley.com/doi/full/10....