Go offline with the Player FM app!
Sir Paul Tucker on what central banks should do now
Manage episode 282908499 series 2860754
In this episode of BM Talks we are joined by Sir Paul Tucker who reveals:
- Why central banks are struggling to communicate their actions
- What QE is doing needs to be examined
- How QE works must be better explained
- Debt needs to be termed out
- How Shadow Banks remain a significant risk to the market
- How fiscal policy can coordinate but not dominate monetary policy
"We should be relying on the central banks to do what they definitely can do and using the fiscal authority to do something that they can more certainly do than the central bank, which is to get spending going"
"Some MPC members now talk as if QE is mainly a signalling device. If they do, then their votes for the scale of QE are completely inexplicable"
"The extraordinary "Non-QE" QE in March.... It’s pretty hard to make sense of the March and April interventions... without thinking that this is price support"
19 episodes
Manage episode 282908499 series 2860754
In this episode of BM Talks we are joined by Sir Paul Tucker who reveals:
- Why central banks are struggling to communicate their actions
- What QE is doing needs to be examined
- How QE works must be better explained
- Debt needs to be termed out
- How Shadow Banks remain a significant risk to the market
- How fiscal policy can coordinate but not dominate monetary policy
"We should be relying on the central banks to do what they definitely can do and using the fiscal authority to do something that they can more certainly do than the central bank, which is to get spending going"
"Some MPC members now talk as if QE is mainly a signalling device. If they do, then their votes for the scale of QE are completely inexplicable"
"The extraordinary "Non-QE" QE in March.... It’s pretty hard to make sense of the March and April interventions... without thinking that this is price support"
19 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.