Rethinking monetary policy – lessons from the crisis

Claudio Borio [1] interviewed by Romesh Vaitilingam [2], 07 May 2010

Claudio Borio of the Bank for International Settlements (BIS) talks to Romesh Vaitilingam about where the pre-crisis consensus on monetary policy-making went wrong; the implementation, effectiveness and costs of ‘unconventional monetary policy-making’ in response to the crisis; the idea that it is no longer ‘better to clean than to lean’; and the research agenda for macroeconomics. The interview, which was recorded in April 2010, represents Claudio Borio’s personal views and does not necessarily reflect those of the BIS.

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Topics: Global crisis [8] Monetary policy [9]

Tags: global crisis [10], unconventional monetary policy [11]

Related research here [12]and here [13].

Links
[1] https://voxeu.org/user/220346
[2] https://voxeu.org/user/219854
[3] http://www.adobe.com/products/flashplayer/
[4] https://voxeu.org/popup/5003
[5] https://voxeu.org/audio_files/VoxEU.org_VoxTalks_20100507_1.mp3
[6] itpc://www.voxeu.org/rss.php?q=itunes_podcast
[7] https://voxeu.org/article/rethinking-macro-policy
[8] https://voxeu.org/content/topics/global-crisis
[9] https://voxeu.org/content/topics/monetary-policy
[10] https://voxeu.org/taxonomy/term/1322
[11] https://voxeu.org/taxonomy/term/2323
[12] http://www.bis.org/publ/work293.htm
[13] http://www.bis.org/publ/work292.htm