02343naa a2200265 i 4500 acta89219 20251210085459.0 251210s2025 hu o 100 eng d 978-963-688-088-0 10.14232/gtk.ppsgdte.2025.4 doi SZTE Egyetemi Kiadványok Repozitórium hun eng Végh Marcell Zoltán Monetary policy of the European Central Bank in the Green transition [elektronikus dokumentum] / Végh Marcell Zoltán University of Szeged, Faculty of Economics and Business Administration, Doctoral School in Economics Szeged 2025 75-84 Conference in cooperation with the European Association for Comparative Economic Studies In the 2020s, with the announcement of the European Green Deal, new challenges have emerged on the ECB's horizon, requiring a new approach: action on climate change has monetary policy implications, notably because crisis management and inflation targeting intersect at the euro area central bank. Additionally, in the green transition, the ECB is now expected to react in a quicker and more preventive way at the same time. While the original objective of monetary policy in the euro area, price stability, has not changed, the green transition predictably has an inflationary effect. The euro area central bank's approach to the green transition considers climate change as a systemic, irreversible challenge, in contrast to known economic risks. This is an unprecedented development in the ECB's price stability mission: taking into account the experience of previous crises, prevention and management of crises of non-economic nature are becoming increasingly important. This study's aim is to explore the impact of the green transition on the European common monetary policy in a descriptive way. Társadalomtudományok Politikatudomány Pénzügyi politika - Európai Központi Bank, Válságkezelés Pelle Anita aut Rubinić Ivan aut Green and digital transition, the 7th Conference in cooperation with the European Association for Comparative Economic Studies Szeged 2025. június 18-20. http://acta.bibl.u-szeged.hu/89219/1/ceaces_007_2025_075-084.pdf Dokumentum-elérés