Yale School of Management

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Monetization of Fiscal Deficits and COVID-19 - A Primer

August 31, 2020
Governments around the world have introduced huge stimulus programs to combat the economic damage caused by COVID-19. These programs allocate billions of dollars in direct payments, tax breaks, business subsidies, and other relief. The size and scale of these programs have caused many governments to run much higher budget deficits than normal. But how are they going to finance these deficits? One way, which some consider anathema to the price-stability mandate of a central bank, has been thrust back into the spotlight as the crisis rages on: sovereign debt monetization. Continue reading “Monetization of Fiscal Deficits and COVID-19 - A Primer”

News in Systemic Risk: Monday, August 31, 2020 (10 a.m. ET)

August 31, 2020
Non-Primary Home Buyers, Shadow Banking, and the US Housing Market (Adrian Alter ,  Zaki Dernaoui; IMF) Monetary Policy Strategies and Tools: Financial Stability Considerations (Jonathan Goldberg, Elizabeth Klee, Edward Simpson Prescott, Paul Wood; Federal Reserve Board of Governors) The role of IMF conditionality for central bank independence (Andreas Kern, Bernhard Reinsberg, Matthias Rau-Goehring; European Central Bank) RBI Announces Measures to Foster Orderly Market Conditions (Reserve Bank of India) Payments Crises and Consequences (Qian Chen, Christoffer Koch, Padma Sharma, Gary Richardson; National Bureau of Economic Research) The Federal Reserve and quantitative easing: A boost for investment, a burden on inflation (Gregor Boehl, Gavin Goy, Felix Strobel; VoxEu) FCA begins review of fund manager value assessments (Siobhan Riding; Financial Times) Continue reading “News in Systemic Risk: Monday, August 31, 2020 (10 a.m. ET)”

What’s “Wabi Sabi” and why it can be your next life philosophy. A talk with Peter Kasahara.

August 28, 2020

Why is coaching important for you? I think coaching is at the core of my role as a leader, as a Partner at a Global Consulting firm based out of Switzerland, but also as a human being. Coaching gives permission and is the key to unlocking the full potential of a person. Every person deserves...

Continue reading “What’s “Wabi Sabi” and why it can be your next life philosophy. A talk with Peter Kasahara. ”

Resources at Program on Entrepreneurship

August 28, 2020

Faculty & Staff *Kyle Jensen , Associate Dean and Shanna and Eric Bass '05 Director of Entrepreneurship & Senior Lecturer Email: kyle.jensen@yale.edu Faculty page: https://som.yale.edu/faculty/kyle-jensen  * Jennifer McFadden , Associate Director of Entrepreneurship and Lecturer in the...

Continue reading “Resources at Program on Entrepreneurship ”

News in Systemic Risk: Friday, August 28, 2020 (10 a.m. ET)

August 28, 2020
The effect of macroprudential policies on credit developments in Europe 1995-2017 (Katarzyna Budnik; European Central Bank) Strengthening the FOMC’s Framework in View of the Effective Lower Bound and Some Considerations Related to Time-Inconsistent Strategies (Fernando Duarte, Benjamin K. Johannsen, Leonardo Melosi, Taisuke Nakata; Federal Reserve Board of Governors) Argentina requests new IMF programme (Victor Mendez-Barreira; Central Banking) Hutchins Roundup: Asset prices, poverty rates, and more (Sophia Campbell, Lorena Hernandez Barcena, Louise Sheiner; Brookings Institution ) Abe Resignation Unlikely to Shift BOJ Path Much, Economists Say (Yuko Takeo; Bloomberg) Continue reading “News in Systemic Risk: Friday, August 28, 2020 (10 a.m. ET)”

Monetization of Fiscal Deficits and COVID-19 - A Primer

August 31, 2020
Governments around the world have introduced huge stimulus programs to combat the economic damage caused by COVID-19. These programs allocate billions of dollars in direct payments, tax breaks, business subsidies, and other relief. The size and scale of these programs have caused many governments to run much higher budget deficits than normal. But how are they going to finance these deficits? One way, which some consider anathema to the price-stability mandate of a central bank, has been thrust back into the spotlight as the crisis rages on: sovereign debt monetization. Continue reading “Monetization of Fiscal Deficits and COVID-19 - A Primer”

News in Systemic Risk: Monday, August 31, 2020 (10 a.m. ET)

August 31, 2020
Non-Primary Home Buyers, Shadow Banking, and the US Housing Market (Adrian Alter ,  Zaki Dernaoui; IMF) Monetary Policy Strategies and Tools: Financial Stability Considerations (Jonathan Goldberg, Elizabeth Klee, Edward Simpson Prescott, Paul Wood; Federal Reserve Board of Governors) The role of IMF conditionality for central bank independence (Andreas Kern, Bernhard Reinsberg, Matthias Rau-Goehring; European Central Bank) RBI Announces Measures to Foster Orderly Market Conditions (Reserve Bank of India) Payments Crises and Consequences (Qian Chen, Christoffer Koch, Padma Sharma, Gary Richardson; National Bureau of Economic Research) The Federal Reserve and quantitative easing: A boost for investment, a burden on inflation (Gregor Boehl, Gavin Goy, Felix Strobel; VoxEu) FCA begins review of fund manager value assessments (Siobhan Riding; Financial Times) Continue reading “News in Systemic Risk: Monday, August 31, 2020 (10 a.m. ET)”

What’s “Wabi Sabi” and why it can be your next life philosophy. A talk with Peter Kasahara.

August 28, 2020

Why is coaching important for you? I think coaching is at the core of my role as a leader, as a Partner at a Global Consulting firm based out of Switzerland, but also as a human being. Coaching gives permission and is the key to unlocking the full potential of a person. Every person deserves...

Continue reading “What’s “Wabi Sabi” and why it can be your next life philosophy. A talk with Peter Kasahara. ”

Resources at Program on Entrepreneurship

August 28, 2020

Faculty & Staff *Kyle Jensen , Associate Dean and Shanna and Eric Bass '05 Director of Entrepreneurship & Senior Lecturer Email: kyle.jensen@yale.edu Faculty page: https://som.yale.edu/faculty/kyle-jensen  * Jennifer McFadden , Associate Director of Entrepreneurship and Lecturer in the...

Continue reading “Resources at Program on Entrepreneurship ”

News in Systemic Risk: Friday, August 28, 2020 (10 a.m. ET)

August 28, 2020
The effect of macroprudential policies on credit developments in Europe 1995-2017 (Katarzyna Budnik; European Central Bank) Strengthening the FOMC’s Framework in View of the Effective Lower Bound and Some Considerations Related to Time-Inconsistent Strategies (Fernando Duarte, Benjamin K. Johannsen, Leonardo Melosi, Taisuke Nakata; Federal Reserve Board of Governors) Argentina requests new IMF programme (Victor Mendez-Barreira; Central Banking) Hutchins Roundup: Asset prices, poverty rates, and more (Sophia Campbell, Lorena Hernandez Barcena, Louise Sheiner; Brookings Institution ) Abe Resignation Unlikely to Shift BOJ Path Much, Economists Say (Yuko Takeo; Bloomberg) Continue reading “News in Systemic Risk: Friday, August 28, 2020 (10 a.m. ET)”