2015年11月10日火曜日

動画:IMF「非伝統的金融政策の教訓と未来」セッション

とりいそぎメモっておく.今日の仕事が終わったら見れるかなぁ.見れた.
動画が表示されない場合は,ブラウザにブロックされてるかもしれない.
▼ 登壇者は次のとおり:
  • Adam Posen, Peterson Institute 
  • Paul Krugman, CUNY
  • Lael Brainard, Federal Reserve Board
  • Claudio Borio, BIS
  • Maurice Obstfeld, Economic Counsellor and Director, Research Department, IMF

▼ クルーグマンの発言内容と同趣旨のものは次の文章にもある:
▼ himaginaryさんのブログ記事:

▼ ちなみに,上記のセッションで,クルーグマンの締めくくりはこんな具合:
Where we are now, wow, I mean, It's... It's... why we have even talked so much about unconventional monetary policy, ... the thing is, really overwhelmingly clear in terms of macro policy under the conditions we are now living is that fiscal policy is... works just about the way that textbook macro would say it would. It actually... It even, quantitatively, ... if you go back to old  Bernstein and Romer estimates for ARRA, they assumed that the multiplier is 1.5. Now we have all these IMF studies, it turns out the multiplier is about 1.5. So fiscal policy works exactly as we thought. The reason we've done talks so much about unconventional monetary policy is that we considered that, for  political reasons, fiscal policy is ruled out. And the sad discovery is, it turns out, monetary policy also seems to be ruled out. And so what is the answer? I have no idea. Thanks. 

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