목차
Abstract
1. Introduction 1
2. Theoretical framework 2
2.1 Central bank convergence 3
2.2 Climate-related norms and central bank divergence 4
2.3 Two-level norm formation framework 6
2.4 Methods 8
3. Emergence of climate-related norms 9
3.1 European climate engagement 9
3.2 U.S. divergence on cimate 11
3.2.1 Lack of pressure from policay entrepreneurs 12
3.2.2 The domestic politics of climate change 12
4. Climate norm cascade 14
4.1 The ECB pushing forward 14
4.1.1 Market neutrality and climate-related norms for monetary policy 15
4.1.2 Market-shaping prudential policy 16
4.2 Limited Fed convergence 16
4.2.1 Forces of convergence 17
4.2.2 Contituning divergence 18
5. Conclusion and potential for convergence 19
References 21