IIF Chairman Axel Weber on Monetary Policy

IIF Chairman Axel Weber on Monetary Policy

Assessment

Interactive Video

Business

University

Hard

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The video discusses the challenges faced by central banks in managing inflation, particularly their late response in raising interest rates. It debates the credibility of maintaining a 2% inflation target and explores economic theories like the Phillips Curve. The long-term impact of debt and monetary policy on inflation is analyzed, along with the role of central banks' balance sheets in fiscal expansion. The discussion also covers interest rates and economic recovery post-pandemic, and concludes with reflections on teaching economics during financial crises.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge faced by central banks according to the first section?

Increasing government spending

Reducing unemployment rates

Raising interest rates too early

Maintaining a 2% inflation target

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which theoretical construct is mentioned in relation to inflation and employment?

Laffer Curve

Phillips Curve

Kuznets Curve

Lorenz Curve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the impact of central banks' balance sheets over the last decade?

Decreased global GDP

Reduced government debt

Accommodated fiscal expansion

Increased market liquidity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the suggested action for central banks regarding their balance sheets?

Ignore balance sheet size

Reduce their balance sheets

Maintain current levels

Increase their balance sheets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current strategy of central banks as discussed in the final section?

Raising interest rates and reducing balance sheets

Lowering interest rates

Increasing government spending

Focusing solely on employment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the ECB's position described compared to the Fed?

Less affected by geopolitical factors

Equally positioned

Weaker and more constrained

Stronger and more stable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What external factor is affecting the ECB's economic situation?

Dependence on China

Trade agreements with the US

Oil prices

Tourism decline