Monica DiLeo
monicadileo.bsky.social
Monica DiLeo
@monicadileo.bsky.social
Post-doc @hertieschool.bsky.social | visiting fellow @granthamlse.bsky.social | political economy | central bank politics
Pinned
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...
New report out now with @granthamlse.bsky.social CETEx: "A framework for central banks navigating political uncertainty in the transition"

cetex.org/publications...
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.
cetex.org
October 14, 2025 at 9:48 AM
Reposted by Monica DiLeo
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
October 1, 2025 at 12:00 PM
Reposted by Monica DiLeo
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.
September 4, 2025 at 8:51 AM
Reposted by Monica DiLeo
Migrating birds, selective blindness, strategic skepticism, weaponized uncertainty – this paper has it all. Do give it a read, it's excellent work.
September 1, 2025 at 2:32 PM
Reposted by Monica DiLeo
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
September 1, 2025 at 2:49 PM
Reposted by Monica DiLeo
🚨 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
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 ...
doi.org
September 1, 2025 at 12:55 PM
Reposted by Monica DiLeo
🚨 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
July 30, 2025 at 9:59 AM
Reposted by Monica DiLeo
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...
Climate Policy Is Still Good for Business
The green transition will survive cuts to U.S. subsidies.
www.foreignaffairs.com
July 31, 2025 at 3:20 PM
Reposted by Monica DiLeo
“…he presented his Texas ID, Social Security card and a wallet-sized birth certificate. The agents refused to believe he was a citizen and took him into custody. “I told them we had rights and asked to make a phone call. But they told us, 'You don't have rights to anything'," Galicia told the paper”
July 14, 2025 at 4:14 AM
Reposted by Monica DiLeo
🚨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/...
July 1, 2025 at 10:11 AM
Reposted by Monica DiLeo
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...
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...
doi.org
June 9, 2025 at 6:40 AM
Reposted by Monica DiLeo
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...
June 10, 2025 at 6:23 AM
Reposted by Monica DiLeo
🚨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
June 2, 2025 at 8:10 AM
Reposted by Monica DiLeo
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...
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...
www.tickettailor.com
June 2, 2025 at 1:51 PM
Brilliant (and scary) analysis
We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.
America’s Braudelian Autumn | Benjamin Braun & Cédric Durand
Factions of capital in the second Trump administration
www.phenomenalworld.org
May 30, 2025 at 2:27 PM
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...
May 30, 2025 at 10:16 AM
If you’ll be on London on June 4, check out this great event (I’ll be there speaking on central banking!)
May 22, 2025 at 1:27 PM
Reposted by Monica DiLeo
🚨 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-...
May 14, 2025 at 9:44 AM
Happening next week at Hertie!
Research seminar on Money and Payments: Evolution or Revolution? with Jörg Bibow next week at @hertieschool.bsky.social in cooperation with Global Climate Forum.

Organized by @steffenmurau.bsky.social and Monica DiLeo.

Registration (optional): globalclimateforum.org/2025/04/01/money-and-payments/
April 2, 2025 at 7:36 PM
Reposted by Monica DiLeo
what replaces due process under fascism is the assurance of protection for favored groups. even though it’s precarious, a lot of people feel just as protected under that framework as they do under one with due process
If you accept that non-citizens have no right to due process, you are accepting that citizens have no right to due process. All the government has to do is claim that you are not a citizen; without due process you have no chance to prove the contrary.
March 28, 2025 at 4:39 AM
Reposted by Monica DiLeo
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
📚✨ New paper alert: How are we doing on turning nature into a source of calculable risk?

We take a critical look at how 1990s risk models and environmental science enable riskification, and study very new regulatory strategies that go beyond it.

#openaccess:
www.tandfonline.com/doi/full/10....
March 13, 2025 at 12:07 PM
The exact feeling I’ve had watching things unfold at home for the last several weeks. I never really learned that democracy in fact is not an unassailable feature of the US until college and even then not *really* until I left 🇺🇸
In some ways, I get this impulse. Our civics education teaches people America is democracy is if it’s a matter of nature, rather than an institution that requires constant maintenance and renewal. This is a mistake 3/x
March 1, 2025 at 9:17 PM
Reposted by Monica DiLeo
📢 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 -->
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....
onlinelibrary.wiley.com
February 17, 2025 at 10:52 AM
Reposted by Monica DiLeo
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....
February 12, 2025 at 12:28 PM
Reposted by Monica DiLeo
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 🧵
February 11, 2025 at 7:38 AM