ABOUT THIS EPISODE
Follow the link for the full summary:https://markusacademy.substack.com/p/central-banking
Explore the webinar series:https://markusacademy.substack.com/archive
On January 14, 2022, Lord Mervyn King joined Markus' Academy for a lecture. King is a Professor of Economics and Law at NYU Stern School of Business and NYU Law. He has also served as Governor of the Bank of England and Chairman of its Monetary Policy Committee, as well as Deputy Governor, Chief Economist, Executive Director, and a non-executive director of the bank.
Timestamps:[0:00] Inflation is on the rise: how can there be a soft landing?[24:36] What do you see as the role of models and the reaction functions of the central bank?[31:11] How did inflation targeting begin, and how has it functioned?[47:44] What are some of the limits of inflation targeting?[53:11] From current events, what is in store for the future of central bank balance sheets?[1:07:46] The role of central bank independence[1:12:33] Central bank digital currency
