IMF Policy Dialogue: New Policy Frameworks for a "Lower-for-Longer" World
November 24, 2020
The COVID-19 pandemic is causing an unprecedented global economic contraction, leading many central banks to reduce interest rates to historically low levels and to rely more heavily on unconventional monetary policies. Amidst growing concern that policy space will be further eroded by lower equilibrium interest rates and falling inflation expectations, many central banks are reviewing their monetary policy frameworks. This event considers several key questions. Can new policy frameworks spur faster recoveries and help central banks deliver on their mandates? Are there tradeoffs between adopting a new framework versus using existing tools more aggressively? And do “lower-for-longer” policies pose risks to financial stability and if so, what is needed to contain these risks?
Kristalina Georgieva, Managing Director, IMF will open the event with a brief overview of challenges currently facing monetary policymakers. It will be followed by a distinguished panel moderated by Carolyn A. Wilkins, Senior Deputy Governor, Bank of Canada; and comprised of Richard H. Clarida, Vice Chair, Board of Governors of the Federal Reserve System; Philip R. Lane, Chief Economist and Member of the Executive Board, European Central Bank; and Tobias Adrian, Financial Counsellor and Director, IMF Monetary and Capital Markets Department.
This is a public event and no registration will be required. The event will be live-streamed on this page on Tuesday, November 24, 12:30pm - 1:45pm (EST). If you have any questions, please email MCM-NMPFEvent@imf.org.
Agenda
November 24, 2020 |
|
12:30 p.m. |
Welcoming Remarks Gerard Rice, Director, Communication Department, IMF |
12:35 p.m. |
Kristalina Georgieva, Managing Director, IMF |
12:45 p.m. |
Panel Discussion:
Panelists:
Tobias Adrian, IMF Financial Counsellor and Director, Monetary and Capital Markets Department |
1:45 p.m. |
Closing Remarks by Carolyn A. Wilkins |
ORGANIZERS: MCM, COM, EUR, and WHD; E-MAIL: MCM-NMPFEvent@imf.org