9 min listen
QT, asset pricing and financial markets: central banks’ ‘other’ monetary policy tool
QT, asset pricing and financial markets: central banks’ ‘other’ monetary policy tool
ratings:
Length:
28 minutes
Released:
Feb 21, 2023
Format:
Podcast episode
Description
Though the battle to rein in inflation continues in most major economies, monetary authorities are now beginning the much more uncertain process of quantitative tightening. As central banks drain liquidity from the financial system and unwind their balance sheets, what impact will this have on markets and government financing? Which markets will be particularly sensitive to tightening? What are the risks that may hinder policy-makers’ ability to implement QT as planned? Bill Papadakis, investment strategist on Lombard Odier’s macro team, speaks with OMFIF Chief Economist Neil Williams and Economist Taylor Pearce on the prospects for QT.
Released:
Feb 21, 2023
Format:
Podcast episode
Titles in the series (100)
Craving – rather than fighting – inflation: Despite other central banks flexing their muscles, Japan’s authorities have every reason to prolong a policy loosening in the Bank of Japan’s 24th year. Japan’s quantitative easing will have to continue with policy rates suppressed, leaving the ministry ... by The OMFIF Podcast