Monetary policy’s impacts on the economy to be debated in webinar
Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE), which is turning 70 this year, and the newspaper O Estado de S. Paulo, will hold a webinar called Monetary Policy and Its Impacts on the Economy on April 15, from 10 am to 11:30 am. The speakers will be Carlos Viana, Asset 1’s founding partner and head of research and former Brazilian Central Bank director; José Júlio Senna, head of FGV IBRE’s Center for Monetary Studies; and Professor Márcio Garcia of Rio de Janeiro Catholic University’s Economics Department. The moderator will be journalist Fábio Alves of O Estado de S. Paulo’s “Broadcast” column. The event is part of a series of debates held by FGV IBRE and O Estado de S. Paulo, which began last month.
The COVID-19 pandemic led many countries to undertake unprecedented monetary expansion, including many emerging nations, which for the first time tested unconventional monetary instruments. In Brazil, the Central Bank recently cut real interest rates. After the health crisis worsened this year and inflation increased significantly, the Central Bank raised the benchmark Selic interest rate by 0.75% and signaled further increases if inflationary pressure persists.
What have been the effects of these different experiments? Looking ahead, what role will monetary policy have for economic recovery as the pandemic continues? These are some of the questions that will be discussed at the event, to be broadcast on FGV’s and O Estado de S. Paulo’s YouTube channels and on FGV’s LinkedIn channel.
The meeting is aimed at economists, professionals who work in the financial markets, students and other people interested in the subject. To take part free of charge, please sign up here.