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Less Than Zero? Banking on Unconventional Monetary Policy
Stamford, CT 06905
United States of America
Co-Sponsored by First County Bank and UCONN/Stamford, the World Affairs Forum is excited to announce Willliam English, Professor in the Practice of Finance at Yale School of Management, as this year's Global Economic Trends speaker.
What is going on with my money?
If interest rates are near zero, is my money worthless?
If interest rates are negative, do I get paid to borrow? (NO)
Americans generally understand generally that low interest rates stimulate the economy, and high ones restrain it, and also keep a lid on inflation. A few may recall the end of the 1970s when, as part of the war on inflation led by Paul Volcker at the Fed, we struggled with historically high real rates. Rates are very low right now; in Europe, governments and corporates are borrowing at negative interest rates --how does that work? What does this all mean, and where does it take us?
Professor English recently stepped down from the Federal Reserve Board. He will guide us through the responsibilities and duties of the central bank, and speak to the effects and systemic implications of interest rates as one of the instruments available to the US government in setting national economic policy.
UCONN/Stamford, Corner of Broad & Washington Sts.
6:30-7:30pm Presentation & Q&A
7:45-8:30pm Reception & Networking
Advance Reservation Required
Premier Members: Free
Basic Member Tickets: $40
Public Tickets: $50
Call for more information: (203) 356-0340
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