Macro & Micro Economic Analysis

[In-person] “Why Monetary Analysis Triumphed Over the Consensus During the COVID Crisis, and What is Next”

概要

It is well known that central banks failed disastrously to forecast inflation during and after the COVID crisis. The reason for this failure was that their economists and senior officials use the wrong model (s) of inflation – that is, they do not understand the drivers of inflation. For licensed individuals, professional investors, academics and students alike, it is important to correct these misunderstandings.

內容

• Comparison of forecasts at the start of the COVID crisis
• The consistency of monetary forecasts
• Why interest rates are a misleading measure of monetary policy: they are the result of past money growth
• What do monetary forecasts show now about 2025-26?
• What does this mean for the investment outlook?

對象

All licensed individuals and professional investors.

導師/講者

John GREENWOOD
Dr John Greenwood is the Chief Economist of International Monetary Monitor Ltd since 2022. Prior to this, he was the Chief Economist of Invesco Ltd. with responsibility for providing economic analysis and forecasts to Invesco portfolio managers and clients. He started his career in 1970 as a visiting research fellow at the Bank of Japan. In 1974 he joined GT Management as Chief Economist. The firm was acquired by Invesco in 1998. As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar. He was a director of the Hong Kong Futures Exchange Clearing Corporation for four years until 1991, and in 1992 became a council member of the Stock Exchange of Hong Kong, a position he held for twelve months. In that same year, he was an economic adviser to the Hong Kong Government. He has been a member of the Committee on Currency Board Operations of the Hong Kong Monetary Authority since 1998. He is also a member of the Shadow Monetary Policy Committee in England, and he serves on the board of the Hong Kong Association in London.

詳情

活動編號
TSBME24000601
日期及時間
2024年10月28日, 星期一 (12:00下午 - 1:00下午)
地點
香港鰂魚涌英皇道979號太古坊康橋大廈17樓香港證券及投資學會
相關主題
第1類 - 證券交易
第2類 - 期貨合約交易
第3類 - 槓桿式外匯交易
第4類 - 就證券提供意見
第5類 - 就期貨合約提供意見
更多
語言
英文
課程時數
SFC:1.00, PWMA:1.00