In the third podcast, William De Vijlder shows how a central bank’s persistently accommodating monetary policy to bring inflation in line with the target can have a negative impact over the long term, threatening both growth and financial stability. In case of a crisis, central banks no longer have much room to intervene, since they have used up their manoeuvring room in the pursuit of their inflation target.
Podden och tillhörande omslagsbild på den här sidan tillhör BNP Paribas Economic Research. Innehållet i podden är skapat av BNP Paribas Economic Research och inte av, eller tillsammans med, Poddtoppen.
