Is There an Information Channel of Monetary Policy?

This document is a summary of two articles published by the Deutsches Institut für Wirtschaftsforschung (DIW). The first article discusses sustainable finance taxonomies and their role in supporting climate action. The authors analyze 26 taxonomies worldwide and find that while they are aligned with environmental policy goals, they often lack dynamic screening approaches and reporting obligations. The second article explores the information channel of monetary policy. By studying interest rates, exchange rates, and other variables, the authors identify three structural monetary policy shocks, with the third shock exhibiting characteristics of a central bank information shock. [Extracted from the article]