After pushing short-term interest rates down to zero, the Federal Reserve Bank and the central banks in the United Kingdom, Europe, and Japan experimented over the past decade with an unprecedented set of monetary tools that come to be known as “unconventional monetary policy” – forward guidance about future policies, quantitative easing or large-scale asset purchases, negative interest rates. The time has come to step back and ask how well these unconventional monetary policies worked, and whether central banks should use them in the future. To answer those questions, the Hutchins Center on Fiscal & Monetary Policy has commissioned two papers that are forthcoming in the Journal of Economic Perspectives.
On Wednesday, October 17, the Hutchins Center hosted an event at which the authors of those papers – Ken Kuttner of Williams College, who wrote about the United States, and Giovanni Dell’Ariccia, Pau Rabanal, and Damiano Sandri of the International Monetary Fund, who wrote about the rest of the world – presented their findings and discussed them with a panel of monetary policy experts.
Paper Presentation & Panel Discussion: Unconventional Monetary Policies in the Euro Area, Japan, and the U.K.
Agenda
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October 17
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Introduction
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Paper Presentation
Paper Author
Kenneth N. Kuttner Robert F. White Class of 1952 Professor of Economics - Williams CollegeRespondent
Anna Cieslak Assistant Professor of Finance - The Fuqua School of Business, Duke UniversityKenneth West John D. MacArthur and Ragnar Frisch Professor of Economics - University of Wisconsin -
Panel Discussion
Moderator
Louise Sheiner The Robert S. Kerr Senior Fellow - Economic Studies, Policy Director - The Hutchins Center on Fiscal and Monetary Policy @lsheinerPanelist
Anna Cieslak Assistant Professor of Finance - The Fuqua School of Business, Duke UniversityKenneth N. Kuttner Robert F. White Class of 1952 Professor of Economics - Williams CollegeKenneth West John D. MacArthur and Ragnar Frisch Professor of Economics - University of Wisconsin -
Paper Presentation
Paper Author
Damiano Sandri Senior Economist - Western Hemisphere Department, International Monetary FundRespondent
Ben Broadbent Deputy Governor - Monetary Policy, Bank of EnglandAngel Ubide Managing Director - Citadel -
Panel Discussion
Moderator
Stephanie Curcuru Assistant Director - International Finance, Federal Reserve BoardPanelist
Ben Broadbent Deputy Governor - Monetary Policy, Bank of EnglandGiovanni Dell’Ariccia Deputy Director - Research Department, International Monetary FundPau Rabanal Deputy Division Chief - Research Department, International Monetary FundDamiano Sandri Senior Economist - Western Hemisphere Department, International Monetary FundAngel Ubide Managing Director - Citadel
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