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

In liberal democracies, there is the expectation that the role of mass media is to provide swift and accurate information to the public – especially in times of crisis such as the ongoing Covid-19 pandemic. Risk communication is particularly challenging for journalists as they have to balance the circulation of precise information on dangers and the avoidance of fear-mongering. This presentation by Yosuke Buchmeier addresses the question of how the Covid-19 crisis has been covered in the Japanese media, primarily focusing on television news coverage of the public broadcaster NHK. This research project is based on the theoretical concept of ‘agenda-cutting’, which describes the phenomenon when a relevant societal issue is deliberately de-emphasized, entirely omitted or removed from a news agenda. Details

Speaker:
Yosuke Buchmeier, LMU Munich/DIJ Tokyo

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