Cameron Watt: BOJ Adapting, but Not Ending NIRP

The transcript discusses central banks' experimentation with monetary policies, focusing on the Bank of Japan's strategies. It highlights the challenges of maintaining credibility in inflation targets and the interplay between fiscal and monetary policies. The conversation contrasts American and British economic perspectives and examines the impact of yield curve targeting on currency. It concludes with the difficulties central banks face in increasing inflation and the role of fiscal expansion.

What historical context does the speaker provide regarding financial repression in the 1940s and 50s?

What does the speaker suggest about the credibility of central banks in relation to their inflation targets?

How does the speaker describe the relationship between fiscal policy and monetary policy?

What concerns does the speaker raise about the long-term effectiveness of central bank strategies?

In what way does the speaker believe that monetary policy is currently affecting fiscal authorities?