Monetary Policy, Asset Inflation and Inequality
Seminar

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

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.

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

Code of Conduct

Related upcoming events

  • 2022-12-15 2:00 pm - 2022-12-15 3:30 pm

    HOUSING IN NEW YORK CITY – WHAT IT TAKES TO TACKLE THE AFFORDABILITY CRISIS

    The COVID-19 pandemic has exacerbated the housing affordability crisis affecting many American households, especially those living in large metropolitan cities like New York.  Although the federal and local governments have enacted various emergency responses, these were, at best, stop-gap measures.

    This panel aims to identify the root causes of the problem and present alternative pathways to a more enduring solution.

    Our panelists:

    • Hailie Kim: Housing Organizer for the Minkwon Center
    • William Spisak: Senior Program Associate at New Economy Project; Professor at Queens College
    • Celeste Hornbach: Senior Policy Advisor at Office of the New York City Comptroller
    • Marty Rowland: Senior Fellow at the Asset Leadership Network

    Date: Thursday, December 15th, 2022 – Time: 2:00 PM – 3:30PM ET

    Location: Online via Zoom

    Note: Access information for Zoom will be made available after registration.

    REGISTER NOW