Sign in

Monica DiLeo

@monicadileo.bsky.social
443 followers 580 following 31 posts

Post-doc @hertieschool.bsky.social | visiting fellow @granthamlse.bsky.social | political economy | central bank politics

PostsRepliesMedia
Reposted by Monica DiLeo
Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026
Finally out, with @shahinvallee.bsky.social our ambitious story for European Macro Policy Network (EMPN) on the future of the global euro empn.eu/publication/...
610537 0
Monica DiLeo @monicadileo.bsky.social · 05/02/2026
One of the most comprehensive takes you’ll find on Kevin Warsh! Essential reading
030 0
Reposted by Monica DiLeo
BJPIR @bjpir.bsky.social · 12/01/2026
📣 New #openaccess #BJPIR article out now! 'Why the Fed and ECB parted ways on climate change: The politics of divergence in the global central banking community' by @monicadileo.bsky.social, @glennrudebusch.bsky.social & @jvtk.bsky.social 🔗 buff.ly/hF3lr0B @polstudiesassoc.bsky.social
buff.ly
Sage Journals: Discover world-class research
Subscription and open access journals from Sage, the world's leading independent academic publisher.
044 0
Reposted by Monica DiLeo
Will Bateman @wabateman.bsky.social · 23/12/2025
Happy to share that my next book 'The Fiscal Fed' will be published by University of Chicago Press in Fall 2026! Cover design pending: happy to share this beautiful poster from the Harvard Law and Political Economy Project (2023).
5235 0
Reposted by Monica DiLeo
Sylvain Maechler @sylvainmaechler.bsky.social · 19/11/2025
Why do global environmental institutions multiply and persist even when they seem unable to address biodiversity loss and environmental governance failures effectively? Our new OA article with @jacquelinebest.bsky.social in @risjnl.bsky.social tries to answer this question. 1/7 cup.org/4hZNlcX
cup.org
Failure-proof or failure-prone? The paradoxes of global biodiversity institutions | Review of International Studies | Cambridge Core
Failure-proof or failure-prone? The paradoxes of global biodiversity institutions
14330 0
Monica DiLeo @monicadileo.bsky.social · 15/10/2025
Thanks John!
010 0
Monica DiLeo @monicadileo.bsky.social · 14/10/2025
New report out now with @granthamlse.bsky.social CETEx: "A framework for central banks navigating political uncertainty in the transition" cetex.org/publications...
cetex.org
A framework for central banks navigating political uncertainty in the transition - CETEx
This report recommends three principles for coping with the political uncertainty faced by central bankers.
02414 0
Reposted by Monica DiLeo
Manuela Moschella @manuelamoschella.bsky.social · 01/10/2025
How do political institutions shape today’s wave of economic interventionism? 🇺🇸 vs 🇪🇺 Find out in our new article just out in @govjournal.bsky.social onlinelibrary.wiley.com/doi/full/10.... @donatodc.bsky.social
onlinelibrary.wiley.com
What's in a Polity? Political Institutions and Varieties of Economic Interventionism in the United States and the European Union
This article examines the political foundations of industrial policy amid the return of state economic interventionism. Comparing the United States' Inflation Reduction Act (IRA) and the European Uni...
065 0
Reposted by Monica DiLeo
James Jackson @james7jackson.bsky.social · 04/09/2025
NEW PUBLICATION - The Great Dane @mathiaslarsen.bsky.social Larsen and I review the differing concepts of state-led approaches to the green transition over the past two decades. We attempt to provide some conceptual coherence to the debate. The article is Open Access.
22116 0
Reposted by Monica DiLeo
Benjamin Braun @benbraun.social · 01/09/2025
Migrating birds, selective blindness, strategic skepticism, weaponized uncertainty – this paper has it all. Do give it a read, it's excellent work.
0125 0
Reposted by Monica DiLeo
Clem Fon @clemfon.bsky.social · 01/09/2025
Since the start of von der Leyen's second mandate, EU sustainable finance norms face intense dismantling pressures. My new @JEPP article shows this started years ago when the fossil fuel industry “woke up” to the EU Taxonomy. 🧵 #EUTaxonomy #SustainableFinance👇 1/10
13115 0
Reposted by Monica DiLeo
Jérôme Deyris @jdeyris.bsky.social · 01/09/2025
🚨 New paper accepted in @JCMS_journal! 🚨 "Central bankers as migrating birds: How inflation shapes the rhetorical strategies of doves and hawks" With Bart Stellinga and Matthias Thiemann Paper: doi.org/10.1111/jcms... Blog: lnkd.in/eNAm9NzA
doi.org
Central Bankers as Migrating Birds: How Inflation Shapes the Rhetorical Strategies of Doves and Hawks
The Eurosystem is built on a compelling promise: shielded from national politics, ECB Governing Council members would be better positioned to deploy their science-based expertise. Far from embodying ...
2337 0
Reposted by Monica DiLeo
Jérôme Deyris @jdeyris.bsky.social · 30/07/2025
🚨 Very happy to announce that our paper "Warning words in a warming world: Central bank communication and climate change" has been accepted in the European Economic Review! Open access here: doi.org/10.1016/j.eu... With @emacampiglio.bsky.social @davideromelli.bsky.social and Ginevra Scalisi
doi.org
Redirecting
0224 0
Reposted by Monica DiLeo
Nils Kupzok @nilskupzok.bsky.social · 31/07/2025
Is the climate strategy behind the IRA dead after the GOP's massive cuts to its clean energy subsidies? In my new piece for @foreignaffairs.com, I argue: No! www.foreignaffairs.com/united-state...
foreignaffairs.com
Climate Policy Is Still Good for Business
The green transition will survive cuts to U.S. subsidies.
24515 0
Reposted by Monica DiLeo
Benjamin Braun @benbraun.social · 01/07/2025
🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate. Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics. We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵 onlinelibrary.wiley.com/doi/10.1111/...
Screenshot of the title page of linked article:
"Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks"
By Benjamin Braun and Maximilian Düsterhöft
310338 0
Reposted by Monica DiLeo
Richard Bärnthaler @rbaernthaler.bsky.social · 09/06/2025
Enabled by institutional capacity & aligned political and technocratic priorities, the People’s Bank of China has led on green central banking. It: acted early; addresses broad environmental issues beyond climate; promotes green investment, not just prudential policies. doi.org/10.1080/1356...
doi.org
A less reluctant (green) Atlas? Explaining the People’s Bank of China’s distinctive environmental shift
Why did the Chinese central bank embrace environmental policies earlier than Western central banks and with a consistent focus on a wider range of environmental issues and more ambitious promotiona...
0113 0
Reposted by Monica DiLeo
Environmental Politics @environmentalpol.bsky.social · 10/06/2025
New! Public opinion foundations of the clean energy transition by Alexander F. Gazmararian, Matto Mildenberger & Dustin Tingley. This review article clarifies how public opinion's role in the clean energy transition, & charts priorities for future research. doi.org/10.1080/0964...
ABSTRACT

Popular debates about political barriers to the clean energy transition increasingly acknowledge the mass public’s role, but often summarize its importance with amorphous concepts like ‘political’ or ‘public will.’ This essay clarifies how the public’s beliefs, preferences, and behaviors affect the clean energy transition through three channels: policymaker incentives, electoral selection, and technology adoption and siting. In turn, we consider how energy and climate policy design can influence the mass public’s preferences, emphasizing cost and benefit visibility, public perceptions of distributional effects, and cross-domain policy linkages. Drawing from our framework, we outline priorities for public opinion research on the clean energy transition.
174 0
Reposted by Monica DiLeo
James Jackson @james7jackson.bsky.social · 02/06/2025
🚨New Publication 🚨 in New Political Economy with the one and only@mathiaslarsen.bsky.social. We propose the term 'Green Financial Planning' to tie together many of the terms in political economy at the moment, and demonstrate that green finance is much more than a few loans/bonds with green names
25521 0
Reposted by Monica DiLeo
Nick Taylor @ntaylor.bsky.social · 02/06/2025
This Wednesday at QMUL - @aargatsbmatqmul.bsky.social hosts 'Transforming Central Banking in the Ecological Crisis: intersecting perspectives from political economy and accounting'. Register and share: www.tickettailor.com/events/queen...
tickettailor.com
Select tickets – Transforming central banking in the ecological crisis: intersecting perspectives from political economy and accounting – Queen Mary University of London, iQ East (Scape) 0.14
This event brings together scholars to discuss political economy and accounting perspectives on the challenges for transforming...
234 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
Brilliant (and scary) analysis
030 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
Haha, so glad I could provide this for you
110 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
15/ @romainsvartzman.bsky.social @manuelamoschella.bsky.social @mattvermeir.bsky.social @nilskupzok.bsky.social @sylvainmaechler.bsky.social @carogarriga.bsky.social @danmertens.bsky.social @stephangruber.bsky.social @greencb.bsky.social
020 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
14/ may be of interest to @jdeyris.bsky.social @benbraun.bsky.social @matthiasthiemann.bsky.social @jvtk.bsky.social @steffenmurau.bsky.social @danielagabor.bsky.social @krdgnydn.bsky.social @james7jackson.bsky.social @adamtooze.bsky.social @apsmolenska.bsky.social @johannespetry.bsky.social
110 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
13/ We are grateful to central banking special issue editors @amyverdun.bsky.social and Lucia Quaglia and the other contributors @wabateman.bsky.social @nfraccaroli.bsky.social @vincentab.bsky.social (and the rest who are not on Bluesky!)
220 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
12/ We build especially on existing work on green finance in China by @mathiaslarsen.bsky.social, @christianelliott.bsky.social, Simon Dikau, Uli Volz, and many others cited in the paper
210 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
11/ However, we conclude by pointing out that the PBoC hasn't always been dark green. China remains the world's largest coal consumer, and the PBoC has had to navigate directly the complexity of China’s competing short and long term objectives
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
10/ Second, technocratic entrepreneurship. At the PBoC, this has taken two main forms: 1. Raising the profile of certain issues over others 2. Shaping the particular ways these topics are addressed
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
9/ We draw inspiration from Jones and @shaharhameiri.bsky.social to highlight the ways that these political incentives make their way to the PBoC
120 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
8/ First, pressures from the wider political context. In China, the PBoC's political incentives come in the form of party-state hierarchy rather than central bank independence. And pollution was a big political problem for China when the PBoC was beginning its work 🏭
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
7/ We instead highlight how two variables from the lit on Western central banks also are relevant for the PBoC, but manifest in different ways 💡
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
6/ However, we argue that this can’t explain in a more positive sense why the PBoC became a leader on *this* particular issue; nor the particular timing or focus on wider environmental issues ❌
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
5/ This goes some of the way in explaining the variation from the PBoC - for example, why the PBoC has always pursued promotional policies ✅
100 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
4/ On the one hand, the PBoC has some clear differences in its institutional framework from other leading central banks like the BoE, DNB, and BdF. We build on Gerald Epstein's work to distinguish a neoliberal vs developmental typology of central banking to highlight these
140 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
3/ We highlight three distinctive dimensions of green leadership for the PBoC: (1) timing, (2) a wider environmental focus (ie, not only climate), and (3) liberal use of both prudential and promotional policies (borrowing terminology from Baer, @emacampiglio.bsky.social and @jdeyris.bsky.social)
110 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
2/ While there's been a (fantastic!) proliferation of literature in recent years about how climate and the environment made their way into central banks in Europe (and, to a lesser extent, the US), we know a lot less about one of the most active central banks: the People's Bank of China 🐉
110 0
Monica DiLeo @monicadileo.bsky.social · 30/05/2025
New (open access!) paper out now with Eric Helleiner and Hongying Wang in New Political Economy: "A less reluctant (green) Atlas? Explaining the People’s Bank of China’s distinctive environmental shift" 1/ A brief thread 🧵 doi.org/10.1080/1356...
36025 0
Monica DiLeo @monicadileo.bsky.social · 22/05/2025
If you’ll be on London on June 4, check out this great event (I’ll be there speaking on central banking!)
021 0
Reposted by Monica DiLeo
Steffen Murau @steffenmurau.bsky.social · 14/05/2025
🚨 New open access article 🚨 Out now in Journal of Financial Regulation with Alex Goghie and Matteo Giordano 'Encumbered Security? Vertical and Horizontal Repos in the Euro Area and Their Inherent Ambiguity' academic.oup.com/jfr/advance-...
13615 0
Monica DiLeo @monicadileo.bsky.social · 02/04/2025
Happening next week at Hertie!
000 0
Reposted by Monica DiLeo
Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 13/03/2025
A quick summary 🧵 ! 🌍🌍🌍 @kprodani.bsky.social and I make two new claims, provocatively stated: (i) Quantifying climate transition risk is easy, biodiversity is not (ii) The most recent regulatory strategies entirely escape the "risk-based approach" said to dominate prudential policy. /1
12215 0
Reposted by Monica DiLeo
Manuela Moschella @manuelamoschella.bsky.social · 17/02/2025
📢 Now Published in Issue! 📢 Our article on what politicians think about the ECB is now out in @jcms-eu.bsky.social We surveyed Members of the European Parliament to uncover their views on the ECB 👉 Available at onlinelibrary.wiley.com/doi/10.1111/... And a short thread here -->
onlinelibrary.wiley.com
What Do Politicians Think of Technocratic Institutions? Attitudes in the European Parliament Towards the European Central Bank
Technocracy has come to be increasingly regarded as a threat to representative democracy. Significant attention has thus been recently devoted to exploring public preferences towards technocratic ins....
1158 0
Reposted by Monica DiLeo
Benjamin Braun @benbraun.social · 12/02/2025
As the Trusk regime is wrecking the state apparatus that brought us the IRA, it's more urgent than ever to understand the politics of green macrofinancial regimes. Here's a 🧵 on the result of @danielagabor.bsky.social and I wrecking our brains for four years. www.tandfonline.com/doi/full/10....
Screenshot of the abstract of the linked paper.
617367 0
Reposted by Monica DiLeo
Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 11/02/2025
Why does the largest trading bloc on the planet have a miniature-sized currency? With Trump, the EU will again much regret this. 🎈In a new working paper, @steffenmurau.bsky.social and I set out to theorise failure and develop a new IPE perspective that foregrounds offshore money. A thread 🧵
412655 0
Monica DiLeo @monicadileo.bsky.social · 12/02/2025
Great summary on the NGFS by @krdgnydn.bsky.social!
010 0
Reposted by Monica DiLeo
Mark Copelovitch @mcopelov.bsky.social · 09/02/2025
If you ever wanted to find out what would happen when you run the government like a business (& in this case, a poorly run business), well, we're very deep in the FO stage of the FAFO now.
613435 0
Reposted by Monica DiLeo
Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 07/02/2025
"Central bank independence" www.nytimes.com/2025/02/07/b...
011 0
Monica DiLeo @monicadileo.bsky.social · 06/02/2025
The revelation we were all waiting for via @nytimes.com
021 0
Reposted by Monica DiLeo
Daniela Gabor @danielagabor.bsky.social · 03/02/2025
to understand the 'green capitalism' part of how the US got here, read our @benbraun.bsky.social account: colliding macrofinancial regimes - when China's Big Green State meets Biden's Robust Derisking, there is one winner. New @ripejournal.bsky.social www.tandfonline.com/doi/full/10....
tandfonline.com
Green macrofinancial regimes
Debates about climate policy have neglected the question of macrofinancial pathways to decarbonisation, not all of which are economically and politically viable. We propose a theory of macrofinanci...
29937 0
Monica DiLeo @monicadileo.bsky.social · 23/01/2025
@jvtk.bsky.social
000 0