You are cordially invited to the next joint DIJ and DWIH Web-Forum on

Monday, November 9, 2020 18:00h - 19:30h (Japan) 10:00h - 11:30h (Germany)

Quo Vadis, Central Banks? Monetary Policy in the COVID-19 Crisis and Beyond

Kiyohiko G. Nishimura, former Bank of Japan Deputy Governor (2008-2013)
Katrin Assenmacher, Head of the Monetary Policy Strategy Division, ECB

Moderated by Kazuo Momma, Executive Economist, Mizuho Research Institute

Central bank laws in the US, Japan and Europe consider price stability as the prime goal of monetary policy. However, since the Global Financial Crisis and even more so during the present COVID-19 crisis, we have observed the implementation of unconventional monetary policy measures accompanied by an unprecedented concerted action between monetary and fiscal authorities. Are these changes only temporary or do they indicate a fundamental change in the role of central banks, their relationship with governments and the constitution of monetary policy? How does the "new normal" affect the independence of central banks, which used to be considered a fundamental element in the design of central banking? What do these changes imply for the ability of central banks to commit to the goal of price stability? The discussions in this Web-Forum will explore monetary policy in the COVID-19 crisis and its implications for current and future central banking.

For further information on speakers, detailed program and technical details refer to our website

The event is open to all. Registration is required until November 08, 2020 (JST) via heckel@dijtokyo.org. Log in data will be provided after registration.