Athanasios Orphanides
| Jan/28 | Thu | 04:00PM-05:30PM | E62-250 |
Enrollment: Unlimited: No advance sign-up
Monetary policy decisions by the Federal Reserve and the ECB have global implications for economic growth and development as well as for global financial markets. This session offers an introductory discussion of monetary policy, drawing on the current economic environment. First, it will review the basic drivers of the monetary policy decisions of the central banks of the world’s two largest economies. Second, it will examine the causes and consequences of the unusual divergence in policy that is currently observed—policy tightening by the Fed and policy easing by the ECB. Third, it will discuss the likely implications of this policy for the U.S., euro area and emerging-market economies and for financial markets.
Sponsor(s): Sloan School of Management
Contact: Athanasios Orphanides, orphanid@mit.edu