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YouTube

Quantitative Exiting - The Road Ahead for Monetary Policy

Milken Institute via YouTube

Overview

This course discusses the future of monetary policy in the global economy, focusing on the potential impacts of quantitative exiting by central banks. The learning outcomes include understanding the challenges and opportunities associated with tapering unconventional stimulus, analyzing the effects of different monetary policies on economies worldwide, and evaluating the potential outcomes of central banks' decisions on interest rates and balance sheets. The course teaches skills such as conducting cost-benefit analysis, assessing credibility in monetary policy, and interpreting market reactions to central bank actions. The teaching method involves presentations by industry experts and a moderator, with a focus on discussing real-world scenarios and potential policy implications. The intended audience includes investors, economists, policymakers, and anyone interested in understanding the complexities of global monetary policy and its implications on the economy.

Syllabus

Introduction
Limits to QE
Costbenefit calculus
First principles
Balance sheet evolution
For guidance vs QE
Central tension
Reaction function
Counterfactual
Credibility
Markets
Interest rate commitment
ECB in a comfortable position
Feds balance sheet

Taught by

Milken Institute

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