New Style Central Banking
SpeakerRicardo Reis (then Columbia University)
May 11, 2015 until May 13, 2015
Ricardo Reis is currently the A. W. Phillips Professor of Economics at the London School of Economics and Political Science.
Following the recent economic crisis on both sides of the Atlantic, there have been permanent changes to the design of monetary policy and the constraints faced by central banks. These six lectures will cover some of the main ones from the perspective both of understanding future policy as well as uncovering exciting research topics. In particular, we will cover: (i) the determination of inflation when interest is paid on reserves; (ii) the fiscal capacity of a central bank; (iii) can a central bank become insolvent? (iv) the room for inflating away the public debt; (v) the ECB and the euro crisis,; (vi) the impact of monetary policy on inequality.