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  1. Courses

CENTRAL BANKING POLICIES FOR SUSTAINABILITY - 162023-ENG

courses
ID:
162023-ENG
Dettaglio:
SSD: Economic Policy Duration: 48 CFU: 6
Located in:
BERGAMO
Url:
Course Details:
ECONOMICS AND FINANCE - 162-270-EN/Economics, Finance and Sustainability Year: 2
ECONOMICS AND FINANCE - 162-270-EN/Quantitative Finance and Insurance Year: 2
Year:
2025
  • Overview
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Overview

Date/time interval

Secondo Semestre (16/02/2026 - 29/05/2026)

Syllabus

Course Objectives

This course explores the intersection between central banking, financial stability, and sustainability in the context of climate change and environmental challenges.

The goal is to provide students with a deep understanding of how climate risks influence monetary policy, financial supervision, and macroeconomic stability, and how central banks around the world are adapting their policy frameworks.

The course is intended for master’s students in economics and related disciplines.


Learning Objectives

By the end of the course, students will be able to:

  • Understand how climate change and environmental risks affect price stability, financial stability, and economic growth.
  • Analyze the role of central banks in addressing sustainability challenges through monetary policy, prudential regulation, and financial supervision.
  • Evaluate policy debates on market neutrality, carbon pricing, and the integration of climate considerations into central bank mandates.
  • Critically examine international case studies of central banks and the Network for Greening the Financial System (NGFS).
  • Apply concepts from environmental economics—such as natural capital, externalities, and carbon budgets—to central banking policy.




Course Prerequisites

None


Teaching Methods

Lectures

Student presentations


Assessment Methods

Student presentations (40% of the final grade)

Exam (60% of the final grade)



Contents

.Each lecture includes theoretical explanations, discussion of case studies, and guided study questions with answers.

The structure covers four main blocks:

  1. Foundations: economy–environment interactions, externalities, and climate science.
  2. Valuation and growth: environmental valuation, costs of climate change, sustainability, and development.
  3. Central banking and risks: macroeconomic and financial stability, monetary transmission, prudential regulation.
  4. Policy and practice: energy markets, geopolitical aspects, international case studies, and future perspectives.



Online Resources

  • E-learning
  • Leganto - Reading lists

More information

.


Degrees

Degrees

ECONOMICS AND FINANCE - 162-270-EN 
Master's Degree
2 years
No Results Found

People

People

PISANELLI Elena
AREA MIN. 13 - Scienze economiche e statistiche
Gruppo 13/ECON-02 - POLITICA ECONOMICA
Settore ECON-02/A - Politica economica
Ricercatori Legge 240/10 - t.det.
No Results Found

Other

Main module

CENTRAL BANKING POLICIES FOR SUSTAINABILITY
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