Events •

33rd Annual Monetary Conference: Panel 1: What Monetary Policy Can and Can’t Do

Since the 2008 financial crisis, there has been a convergence of monetary policies by major central banks aimed at keeping benchmark interest rates near zero and supporting asset prices in the hope of stimulating economic growth. Yet global growth is still sluggish and the risk of asset bubbles is mounting. The distinguished speakers at this conference will consider the risks of unconventional monetary policy, the steps that need to be taken to normalize policy, and the fundamental question of rules versus discretion in the conduct of monetary policy.

George S. Tavlas

Alternate to the Governor of the Bank of Greece on the European Central Bank’s Governing Council