Financing the Green Transition through Off-Balance-Sheet Fiscal Agencies

In recent years, there have been increasing calls for central banks to become pioneers in sustainability transformation. Is this the best idea - or are there alternatives? In the blog post written by Andrei Guter-Sandu and Steffen Murau, the authors present an alternative and reflect on the implications of their proposal for a "green transition" towards a more sustainable economy. It refers to an essay published in the "Wirtschaftswoche" on the democratization of the Eurozone.