Crisis, Central Banks and Democratic Control with Jens van ’t Klooster
Channel: Crash Course
Date: 2020-06-15

Sara Murawski en Rodrigo Fernandez speak with Jens van ’t Klooster about crisis, central banks and democratic control.

00:00 Sara Murawski: What is the Crash Course Economics series project
1:36 Rodrigo Fernandez: Crisis, central banks and democratic control
7:58 Presentation of Jens van ‘t Klooster
28:56 Q&A: Problems with QE
37:22 Q&A: Central banking
41:16 Q&A: How should central banks have responded to crisis?
44:20 Q&A: Democratic control of central banks?
46:22 Q&A: Democratisation of money in EU?
49:00 Q&A: Inflation & Minsky’s paradox
54:38 Q&A: North-South relations & QE
58:32 Q&A: Post corona-crisis economics?
1:00:59 Wrap up and announcing topic of next week

What are unconventional monetary policies? What has changed with the Covid-19 crisis interventions? What will this mean for the way central banks relate to other state institutions?

What are the historical origins of central bank independence? Why are central banks not fully embedded in a democratic decision-making structure? How can we regain democratic control?

Casting the net wide: what would progressive monetary policies look like? What are the necessary ingredients?

Jens van 't Klooster is a Research Foundation — Flanders postdoctoral researcher at KU Leuven and member of the research group ‘A New Normative Framework for Financial Debt’ at the University of Amsterdam. Jens' research fits somewhere between normative political philosophy and political economy.

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