The COVID-19 pandemic has sparked extraordinary economic policy responses by central banks, financial regulators and other financial policymakers around the world.  This webinar series will be bring together current and former policymakers from central banks and regulators, as well as SIPA faculty and other scholars, to discuss the structure and impact of these changes.  Which policies have been more or less effective in “cushioning the blow” of the pandemic for households and businesses?  How have different economic policymakers -- fiscal, monetary, regulatory -- coordinated their policy responses either within or across countries?  How has the nature of this particular crisis driven policy choices?  What practical policy lessons have we learned from the experience so far?  What else may need to be done on the economic policy front?

 

Past Webinars

   

Central Bank Digital Currencies

FRIDAY, NOVEMBER 13, 2020 | 8:00-9:00 AM EDT

Central Bank Digital Currencies

 

Sir Jon Cunliffe
Deputy Governor, Bank of England

Eswar Prasad
Nandlal P. Tolani Senior Professor of Trade Policy & Professor of Economics, Cornell University

Shinichi Uchida
Executive Director, Bank of Japan

 

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The major central banks of advanced countries have just issued their study on the central bank digital currency (CBDC). Some other central banks, such as the People's Bank of China, have started issuing CBDC as "experiments." This webinar will explore the current state and thinking of CBDC from experts on the issue.


Moderator:
Takatoshi ItoProfessor of International and Public Affairs, Columbia SIPA; Associate Director, Center for Japanese Economy and Business, Columbia Business School

Discussant:
Patricia MosserDirector, Central Banking and Financial Policy, Columbia SIPA

 

    Organized by: Central Banking and Financial Policy @ SIPA
    Outreach Partner: Center on Japanese Economy and Business, Columbia Business School

     

    Policy Challenges for Emerging Markets Central Banks

    TUESDAY, OCTOBER 13, 2020 | 8:00-9:00 AM EDT

    Policy Challenges for Emerging Markets Central Banks

    Ilan Goldfajn
    Chair, Credit Suisse Brazil, Former Governor, Banco Central do Brasil

    Urjit Patel
    Former Governor, Reserve Bank of India

    Andres Velasco
    Dean, School of Public Policy, London School of Economics and Political Science, Former Finance Minister, Chile

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    Panelists will discuss the unique challenges for emerging economy central banks during the pandemic:

    • Addressing both the negative real economy shock of COVID-19 and the large spillovers from aggressive policy actions of the advanced economies,
    • Fiscal role of central banks.  Is it time to relax constraints on EM central banks' asset purchases, particularly of government bonds?
    • Inflation in many Emerging Markets is low despite massive monetary policy stimulus.  What does this mean for the future of inflation targeting and expansionary monetary policy?  More “unconventional policies" by central banks?  Is it time to relax constraints on central banks' purchases of government bonds?


    Moderator:
    Patricia MosserDirector, Central Banking and Financial Policy, Columbia SIPA

    Discussant:
    Guillermo Calvo, Professor of International and Public Affairs, Columbia SIPA

       

      Implications for Central Bank Independence

      THURSDAY, SEPTEMBER 24, 2020 | 8:00-9:00 AM EDT

      Central Banking in the COVID-19 Era: Implications for Central Banking Independence

      Veerathai Santiprabhob
      Governor Bank of Thailand, Chair, BIS Central Bank Governance Group

      Athanasios Orphanides
      Professor of Practice, MIT Sloan School, former Governor of the Bank of Cyprus

      Kathryn Judge
      Harvey J. Goldschmid Professor of Law at Columbia Law School

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      Moderator:
      Takatoshi ItoProfessor of International and Public Affairs, Columbia SIPA; Associate Director, Center for Japanese Economy and Business, Columbia Business School

      Discussant:
      Patricia MosserDirector, Central Banking and Financial Policy, Columbia SIPA

       

      Recent Lessons for Financial Regulation and Macroprudential Policy

      TUESDAY, SEPTEMBER 8, 2020 | 8:00-9:00 AM EDT

      Central Banking in the COVID 19 Era—Recent Lessons for Financial Regulation and Macroprudential Pol

      Ryozo Himino
      Commissioner, Japanese Financial Services Agency

      Donald Kohn
      Robert V. Roosa Chair in International Economics, Brookings Financial Stability Committee, BOE

      Jeremy Stein
      Moise Y. Safra Professor of Economics, Harvard University Former Governor, Federal Reserve

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      Moderator:
      Patricia MosserDirector, Central Banking and Financial Policy, Columbia SIPA

      Discussant:
      Takatoshi ItoProfessor of International and Public Affairs, Columbia SIPA; Associate Director, Center for Japanese Economy and Business, Columbia Business School

       

      Organized by: Central Banking and Financial Policy @ SIPA
      Outreach Partner: Center on Japanese Economy and Business, Columbia Business School