Monetary policy against austerity? with Daniela Gabor
Channel: Crash Course
Date: 2020-07-15

Daniela Gabor speaks with Sara Murawski and Rodrigo Fernandez about monetary policy and austerity in the fourth and final webinar of Crash Course series on monetary policy, central banks and ideology.

00:00:00 Introduction
0:05:32 Start of presentation by Daniela Gabor (DG) 
0:09:13 The development of monetary financing
0:12:16 Monetary financing regimes
0:16:55 How did we get to that prudential regime? 
0:23:02 COVID 19 accelerates shift to prudential monetary finance regime
0:23:56 Structural transformation to low carbon economies demands promotional MF
0:29:36 Clarification on the two kind of regimes 
0:38:58 How to finance a Green new deal. 
0:49:09 Q&A: Promotional monetary financing as temporary measure? 
0:52:35 Q&A: On curbing banks to combat inflation.
0:58:28 Q&A: Inflation
1:03:25 Q&A: On the need to move to promotional regime
1:05:35 Q&A: What about the national political arena?

How can monetary policy be used to prevent economies from suffering another decade of austerity? What are the concrete policy options we have?

What are different linkages between monetary and fiscal policy? What can we learn from history?

Monetary policy is portrayed as being purely a technical matter: is there a role for ideology in constructing a monetary framework?

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