Inequalities #28

Financial Market Central Banks, and Inequality.

In this episode, Alice speaks with Dr. Dr. Jens Van T’Klooster, a specialist in Monetary Policy and Financial Markets who is a postdoctoral researcher at KU Leuven and the University of Amsterdam. Alice and Jens speak about the role of central banks in dealing with crises, and how the conventional wisdom of what monetary policy is able (and allowed) to do has suddenly been turned on its head since the onset of the pandemic. Jens explains how central banks effectively create (and should do so) money out of thin air to pay for the pandemic related costs in the EU/US, while those of other regions of the world are more restrained in their policy space still, unfairly – and how this all relates to inequality.