Web-Forum: Quo Vadis, Central Banks? Monetary Policy in the COVID-19 Crisis and Beyond

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, which used to be considered a fundamental element in the design of central banking? What do these changes imply for the ability of central banks to commit to the goal of price stability? The discussions in this Web-Forum will explore monetary policy in the COVID-19 crisis and its implications for current and future central banking.

For further information on speakers and technical details refer to DIJ's website. The detailed program is available below.

Registration

This event is open to all. Registration is required until November 08, 2020 (JST) via e-mail to Mr. Markus Heckel. Log-in data will be provided after registration.

In case you just take part in the event passively, the livestream is available on YouTube.

Downloads

• Program