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To combat the coronavirus recession, the world’s major central banks have supplied an unprecedented amount of liquidity to global markets. With the pandemic’s recent resurgence and a stalling global economic recovery, they might be called on to provide further monetary policy stimulus. Low inflation and already low-interest rates might make this particularly difficult.
This event considers how much ammunition the world’s central banks have in their arsenals to support the recovery now and in the future. The panelists also discuss what might be the appropriate balance between monetary and fiscal policy to minimize global financial market risks.