Dr. Gaster is the President of Incumetrics, a Washington, D.C.-based economic and technology consulting firm whose clients have included the U.S. National Research Council, the U.S. Census Bureau, the European Commission, and the Brookings Institution.
Related upcoming events
2021-06-17 11:00 am - 2021-06-17 12:30 pm
MONETARY POLICY, ASSET INFLATION AND INEQUALITY
Thu, June 17, 2021 | 11:00 AM – 12:30 PM EDT
In this webinar, Pr. Louis Philippe Rochon takes a fresh look at the links between monetary policy, asset bubbles and inequality.
It is often argued that asset inflation and real estate bubbles are the result of accommodative monetary policy: low interest rates encourages borrowing for speculative purposes.
Undoubtedly, this has been the case as an increasing part of borrowing is not meant for productive purposes.
In this webinar, Prof. Rochon will argue that this is a misreading of the facts. Rather than laying the blame at the feet of low interest rates, bubbles may be caused by growing inequality as well as by the excessive deregulation.
Learn why governments need to re-regulate borrowing and, introduce such policies as financial transaction taxes to prevent asset inflation and specifically real estate bubbles.