Monetary Policy, Imbalances and Cricis

on YouTube ↗01h 23m

" summary

Argues that since the mid‑1980s monetary policy becomes asymmetric: central banks cut rates decisively in crises but hesitate to tighten in booms, which fuels larger credit booms and deeper busts. Claims policy error is holding rates too low for too long, flooding liquidity through banks so new money inflates asset prices while CPI stays muted, enabled by €2,000 billion bond purchases and a regulatory response that expands supervision (financial supervision expansion (≈1,200 staff)) but fails to curb imbalances.

AI-written summary · about

" chapters (9)

1. 0:00Start
2. 6:31Policy Mistakes
3. 31:07Redistribution Effects of New Issued Newly Issued Money
4. 31:56Is There a Clear Separation between the Financial Sector in the Centre Bank and for the United States
5. 38:28Inflation
6. 39:05Are the Center Banks Independent from the Public Sector
7. 44:58How Is the Price Index Defined
8. 1:10:24A Principal Agent Problem in Financial Supervision
9. 1:21:46Principal-Agent Problem for the Banks