BISness

Should central banks worry about women’s level of participation in the economy and the economic profession? Rosanna Costa, President of the Central Bank of Chile talks to Alexandre Tombini, Chief Representative for the BIS Office for the Americas about why they should, while also sharing some highlights on Chile’s current macroeconomic situation.

The podcast discusses various topics including central bank caution, market optimism, impacts on market volatility, bond markets, inflation, exchange rates, and economic growth. It also explores inflation drivers, interest rates, bond market liquidity, technology's impact on asset prices, stock market bubbles, and the complexities of R-Star measurement for monetary policy decisions.

Central banks were early adopters of AI and machine learning. But as the world ramps up efforts to embrace new technologies, what does this mean for central banks? How can they stay ahead of the curve? Sebastian Doerr and Douglas Araujo discuss the findings of a BIS Bulletin on AI applications in central banking and the challenges that central banks might face in the future in this area.

Exploring the role of monetary policy in reducing inflation, the impact of Central Bank policies on stabilizing inflation expectations, how central banks influence inflation through wage and price adjustments, the use of signals by central banks to shape aggregate demand, and the impact of inflation regimes on sector shocks and current measures.

Jon Frost and Giulio Cornelli discuss the impact of artificial intelligence on inequality, exploring topics such as AI investment and income distribution. They also delve into how AI can influence inequality through structural transformation and skill-based technical change.

This podcast covers the challenges faced by central banks in uncertain inflation environments, the dialectic between central banks and markets in addressing inflation concerns, the risks associated with government debt and Buy Now Pay Later schemes, the current state of debt and labor markets, and the shift in work and retirement attitudes and its impact on the labor market.

Which trends might shape Asia’s economic outlook? Which challenges do emerging markets currently face? Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue discusses these questions with Chief Representative of Office for Asia and the Pacific, Tao Zhang. The HKMA has been a member of the BIS for over 25 years. Chief Executive Yue also spoke about the evolution of this relationship and about what developments such as digital innovation and climate change might mean for Hong Kong SAR and the wider region.

Do stablecoins live up to their name and can they serve as a reliable means of payment and store of value? Senior Economist Anneke Kosse discusses these questions based on the BIS paper “Will the real stablecoin please stand up?” She also highlights how significant data gaps regarding the users and uses of stablecoins make it difficult to ascertain the risks they pose to the smooth functioning of payment systems and financial stability.

Claudio Borio and Hyun Song Shin summarise the September 2023 Quarterly Review and answer journalists’ questions about financial market developments and the economic outlook.

The last mile to price stability will be most challenging, says Agustín Carstens, discussing the risks to the global economy laid out in the BIS Annual Economic Report.