Modern Money & Public Purpose 6: Fiscal vs. Monetary Policy

The feedback of the first speaker is remedied about 4 minutes into the video.
This is a relatively long video seminar, and it is a strong piece of educational material. It is not at an introductory level, but more toward an intermediate level. It covers a number of topics which are important relative to managing our way out of the neo-liberal nonsense under which most domestic populations are living under currently.

This seminar examines the legal and operational relationship between central banks and treasury departments. Questions to be addressed include:

Should fiscal and monetary policy be viewed separately from each other?

Is central bank "independence" an obsolete concept?

What are the political implications of recent unorthodox central banking practices such as Quantitative Easing (QE), Operation Twist and Interest-On-Excess-Reserves (IOER)?

What role should central banks have in promoting full employment and price stability?


Timothy A. Canova, Professor of Law and Public Finance at the Nova Southeastern University Shepard Broad Law Center.

Scott Fullwiler, James A. Leach Chair in Banking and Monetary Economics and Associate Professor of Economics and Co-Director of the Social Entrepreneurship Program at Wartburg College, Waverly, Iowa

Moderator: Dean Baker, co-director of the Center for Economic and Policy Research

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