Pierre Monnin
Pierre Monnin’s research focuses on monetary policy, financial regulation, and their links with environmental and social sustainability. It aims to provide options for central banks and supervisors to reflect environmental and social risks in their policies, as well as to support the transition to a sustainable and resilient economy.
Background
Pierre Monnin is a Senior Fellow at the Council on Economic Policies (CEP), an international economic policy think tank for sustainability. In this role, in the last ten years, he has focused on the environmental and social effects of monetary policy and financial regulation, highlighting their links, as well as developing and advocating for policy options to better integrate environmental and social issues in their implementation.
Prior to that, he was with the Swiss National Bank (SNB) in various roles for ten years – with a focus on financial stability and macroprudential policy as well as on financial markets developments and on the integration of financial stability issues in the monetary policy framework. He also worked at Man Investments, developing asset allocation strategies for alternative investments, and was a Lecturer in international money and finance at the University of Neuchatel.
He holds a PhD in Economics from the University of Zurich, a MSc in Economics from Queen Mary, University of London, as well as a MSc in Statistics and a BA in Economics from the University of Neuchatel.
Research interests
- Monetary policy operations and sustainability objectives
- Climate systemic risk and macroprudential policy
- Role and options for central banks in the just transition
Policy
Policy - 2024
Sovereign bonds are central to aligning finance flows with the net zero transition. This report aims to understand the system-wide context within which central banks can make a responsible contribution to this alignment. Read more
Policy - 2023
Africa’s economies are contending with a diverse set of challenges and opportunities in relation to building low-carbon, green economies and the transition to net zero emissions.
This report presents a country classification of all 54 African economies' risks and opportunities from climate change and the net zero transition. This aims to support central banks to tailor their policy responses to the unique contexts in which they operate. Read more
This paper discusses the different macroprudential options available to financial regulators and supervisors to address climate-related systemic risks. Read more
Policy - 2022
This paper sets out why it is important for central banks and supervisors to actively support the just transition, suggests a three-step roadmap for achieving this goal, and explores policy options for aligning monetary policy operations and financial regulation with the just transition. Read more
News
News - 2023
Africa’s central banks are uniquely positioned to support their countries’ transitions to a green economy, but there is no one-size-fits-all approach, write Reuben Wambui, Joseph Feyertag and Pierre Monnin. Read more