Panelists include:
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
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”?central banks. Is it time to relax constraints on central banks' purchases of government bonds?
Moderator:
Patricia Mosser, Director, Central Banking and Financial Policy, Columbia SIPA
Discussant:
Guillermo Calvo, Professor of International and Public Affairs, Columbia SIPA
