When a country's politics lead to slow progress on a polarizing issue such as climate change, can central banks jump in to address the issue? Chicago Booth’s Lars Peter Hansen, who won a Nobel Prize in economics, considers the role that central banks and monetary policy can play as societies globally grapple with the potential economic impacts of a changing climate. (Excerpted from "Should Monetary Policy Include Climate Policy?" [ Ссылка ])
![](https://i.ytimg.com/vi/V1IyMzDtDNU/maxresdefault.jpg)