Monetary policy, liquidity, business cycle analysis, and global
economics- its all here! This video by Bloomberg Special Reports highlights the recent World Economic Forum in Davos. The video presents a panel with the following notable people: Ignazi Visco Bank of Italy Governor, Anshu Jain Deutche Bank CEO, Pierre Moscovini French Minister of Finance, Brain Moynihan Bank of America CEO, Jin Liqun China Investment Corp Chairman, and Ray Dalio Bridgewater Associates founder & CEO. This group represents the thoughts and prospective of key financial players in global economics.
The panel is focused on the use and misuse of monetary policy in regards to where we are heading in 2013. Visco's response in particular is very relevant to our class discussions. He has an interesting comment on central banks needing to find out if the economy is in a cyclical adjustment or structural before implementing monetary policy. What are your thoughts on Visco's response?
Watch the rest of the video and notice where the panel respondents differ and agree in their comments. What is the best take away advice about implementing monetary policy we can get from these respondents?
Hope you enjoyed the interesting video!
I like what Ali Babacan (Turkish Deputy PM) said about the big projects they are doing and how they have resolved the issue of austerity. I think the US could learn a few things. Make most government projects private and have it regulate private sector.
ReplyDeleteI like the comment from Mr. JinLiQun- supervisory board chairman about optimistic. We have to be optimistic about 2013 because it is helpful and hopeful. He also note that we have to be patient with our final result. This is a lesson for US to reduce their debt with a tighten monetary policy.
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