Challenges of the low interest rate era
A protracted period of low interest rates and low inflation has transformed how policymakers think about the interactions between monetary policy and price and financial stability. As a result, central banks have started reviewing the way they should conduct monetary policy in an environment of low real equilibrium rates. This session provided an opportunity to take stock on how to analyze and address the related challenges and trade-offs.
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
- Isabel Schnabel
Member of the Executive Board, European Central Bank
- Maurice Obstfeld
Nonresident Senior Fellow, PIIE
ABOUT THIS SERIES
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.