

Monetary policy in the 21st century: lessons learned and challenges ahead
Jun 30, 2024
Claudio Borio delves into the lessons learned from the past 25 years in monetary policy, emphasizing the need for a comprehensive macro-financial stability framework. He discusses the challenges faced by central banks in communication, forecasting inflation, and using macroprudential measures for financial system stability. The podcast explores possible refinements in monetary policy frameworks for price and financial stability through considerations like robustness and nimbleness.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 3min
Reflections on past 25 years and lessons for monetary policy
02:43 • 2min
Lessons Learned from Financial Crises and Monetary Easing Limitations
04:50 • 4min
Challenges and Lessons for Central Banks in Modern Monetary Policy
08:28 • 3min
Possible Refinements to Monetary Policy Frameworks for Price Stability and Financial Stability
11:15 • 7min