Central Bank Machines
Instability, Independence, and Interest Rates
Dec 1, 2015
Paul McCulley, Warren Mosler, & Frank Newman discuss central banking in the post-2008 era.
This seminar explores the evolving functions, responsibilities, and theoretical frameworks of central banks in the post-2008 era. Questions to be addressed include:
What is the relationship between central bank institutions and sovereign state power?
What role do international swap lines play in the future of global macroprudential regulation?
How do recent innovations such as interest on excess reserves and term deposits affect the interaction between monetary and fiscal policy?