DIJ DWIH Web-Forum
Central bank laws in the US, Japan, and Europe consider price stability as the prime goal of monetary policy. However, since the Global Financial Crisis and even more so during the present COVID-19 crisis, we have observed the implementation of unconventional monetary policy measures accompanied by an unprecedented concerted action between monetary and fiscal authorities. Are these changes only temporary or do they indicate a fundamental change in the role of central banks, their relationship with governments and the constitution of monetary policy? How does the “new normal” affect the independence of central banks? The discussions in this Web-Forum will explore monetary policy in the COVID-19 crisis and its implications for current and future central banking. Details
Speakers:
Kiyohiko G. Nishimura, former Bank of Japan Deputy Governor (2008-2013)
Katrin Assenmacher, Head of the Monetary Policy Strategy Division, ECB
Moderated by Kazuo Momma, Executive Economist, Mizuho Research Institute