The Low-Interest Rate, Low Inflation Conundrum

The Low-Interest Rate, Low Inflation Conundrum

Overview

Ever since the Global Financial Crisis of 2008-09, inflation rates in the leading developed economies have remained below target. This is despite the fact that interest rates have remained at exceptionally low levels. Japan and the Eurozone have experienced sub-target inflation and negative interest rates for several years, but recently it seems the US and UK might be travelling along the same path.

Objective

On completing this eSeminar, you will be able to explain why inflation rates remain below target, and how policy-makers can escape from the low-inflation, low-interest-rate trap.

Content

1) Monetary Policy
- What every student of economics learns in class about interest rates
- Problems with the Liquidity Preference theory
- Irving Fisher’s findings
- Historical applications
- Current applications
2) Fiscal Policy
- Can fiscal policy help?
- The interaction of monetary & fiscal policy
3) Conclusion

Who should attend

This eSeminar is suitable for practitioners in the financial services industry who would like to understand more about how monetary policies and fiscal policies impact inflation.

Details

Code
TEEEC20000501
Venue
ePlatform
Language
English
Level
Advanced
Hours
SFC:1.00, PWMA:1.00
Fees
Staff of Corporate Member: HK$180
Non-Member: HK$360