Monetary Policy, Asset Inflation and Inequality

Monetary Policy, Asset Inflation and Inequality

2021-06-17 11:00 am - 12:30 pm
Henry George School of Social Science
Phone:(212) 889-8020
Address: 149 East 38th Street, New York, NY 10016


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.

A link to join the online seminar will be provided via email before the start of the webinar.

Code of Conduct

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