eabh virtual seminar
Easy Monetary Policy. Cure or Curse?
Can looking back at historical precedents help to better understand where we are headed?
22 June 2021
12.00 - 13.00 CET
eabh in cooperation with Allianz Global Investors
Harold James (Princeton) and Eric Barthalon (Allianz SE) will take a long-term perspective on easy monetary policies and their implications. Post Great Financial Crisis, major central banks have cut rates to, or below zero and have provided unprecedented amounts of liquidity to the system ever since. After first steps to normalise monetary policy, we have seen a renewed round of monetary easing in 2019. Further, Covid restrictions and lockdowns in 2020 and 2021 brought back discussions about helicopter money and direct credit to the banking sector. Can looking back at historical precedents help to better understand where we are headed?