Frenkel: Conventional Monetary Policy Has Become Unclear

The video discusses the importance of investment for economic growth, emphasizing the need for confidence in the future and a clear regulatory framework. It highlights the challenges faced by monetary policy and the central bank's role in addressing economic issues. The impact of globalization and populism on economic policies is analyzed, stressing the need for fiscal responsibility and policy adjustments to ensure economic stability.

What is essential for promoting economic growth according to the video?

• Reducing government regulations

• Investment with future confidence

• Higher taxes

• Increased consumer spending

What is a major challenge for central banks as discussed in the video?

• Managing inflation

• Dealing with anti-globalization sentiments

• Setting interest rates

• Balancing budgets

How is London described in terms of its economic clarity?

• A city with a clear stance on economic oddities

• A financial hub with unclear policies

• A leader in anti-globalization

• A city struggling with economic policies

What was the perception of globalization in the 1990s?

• A beneficial development

• A neutral concept

• An outdated idea

• A negative force

What is suggested as a necessary step for restoring normalcy in monetary policy?

• Reducing interest rates

• Increasing government spending

• Continuing unconventional monetary policies

• Exiting unconventional policies and raising rates