Unconventional monetary policy – quo vadis?

Join us for this public event with Robert Holzmann, Governor of the Austrian National Bank.

Governor Holzmann will discuss selected issues of unconventional monetary policy instruments (UMP): Assuming inflation is tamed, can we go back to conventional monetary policy before 2008, when short-term policy interest rates (and reserve requirements) dominated the monetary policy tool box? Or do we have to apply again UMP – with learnings from recent past and perhaps new unconventional instruments? This talk offers selected considerations about the intentions, effectiveness, and options of UMP in the Euro area and beyond.

Meet our speaker and chair 

Robert Holzmann is the Governor of the Austrian National Bank, and member of the Governing Council of the European Central Bank (since 2019), and elected member of the Austrian Academy of Sciences (since 2014). He holds honorary positions at the South-Western University in Economics and Finance, Chengdu, University of Malaya, Kuala Lumpur and University of New South Wales, Sydney. Before his return to academia in 2011, he held various positions at the World Bank including for 12 years Sector Director and acting Senior Vice President. Before joining the World Bank in 1997 he was an academic in Austria and Germany, and senior economist at the IMF and OECD.

Daniela Gabor is Professor of Economics at SOAS. 

Donato Di Carlo is an assistant professor in political economy at the LSE European Institute.

More about this event

The European Institute (@LSEEI) is a centre for research and graduate teaching on the processes of integration and fragmentation within Europe.

OMFIF (@OMFIF), the Official Monetary and Financial Institutions Forum, is an independent forum for central banking, economic policy and public investment.