Program: Monetary

Governing Finance for Sustainability – Panel Discussion

16 October 2019 | Washington D.C., USA | By Invitation
Monetary, Panel | Tags: Central Banks, Financial Regulation, Governing Finance
The nexus between financial governance, macroeconomic and financial stability, social cohesion, and environmental sustainability has become the subject of a growing debate among policymakers and market participants. Current beliefs on central banking and financial regulation are being questioned in the face of systemic challenges such ... continue reading

Governing Finance for Sustainability – Pathways Forward

15 October 2019 | Washington D.C., USA | By Invitation
Monetary, Roundtables | Tags: Central Banks, Financial Regulation, Governing Finance
This is the third in a series of roundtables on Governing Finance for Sustainability. Details on the first roundtable can be found here, and the second here. ... continue reading

Unconventional Monetary Policy and Inequality – Is Japan Unique?

and | 20 September 2019
Monetary, Working Papers | Tags: Inequality, Japan, Quantitative Easing
For over a decade, but especially since the start of Abenomics in 2013, the Bank of Japan (BoJ) has been increasing the monetary base rapidly by implementing an unconventional monetary policy (UMP). In a 2014 study, we found that Japan’s UMP had increased income inequality. ... continue reading

Governing Finance for Sustainability – Advancing the Debate

8-9 July 2019 | Zurich, Switzerland | By Invitation
Monetary, Roundtables | Tags: Central Banks, Financial Regulation, Governing Finance
Since the initial roundtable that was held in January 2019 we have been carefully following the debate on governing finance in what we increasingly perceive to be a four-way nexus between growing risks in today's financial and monetary systems, the power of central banks and ... continue reading

Distributional Impact of Unconventional Monetary Policies

| 25 June 2019
Discussion Notes, Monetary | Tags: Income Inequality, Monetary Policy, QE
The sustained application of accommodative monetary policies has led to concerns that they were aggravating inequality. The criticism has come from several quarters, from academics to private sector participants, from politicians to media and civil society organizations. Some argued that by boosting housing and stock ... continue reading