On Thursday, October 13, Anil Kashyap joined Markus’ Academy for a lecture. Anil Kashyap is the Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago Booth School of Business and he previously was an economist for the Board of Governors for the Federal Reserve System.
You can watch all Markus’ Academy webinars on the Markus’ Academy YouTube channel.
Timestamps:
[0:00] Markus’ introduction
[4:47] Events driving the gilts market
[13:39] Lender vs. Market Maker of Last Resort
[19:56] LDIs
[24:40] Run on non-bank institutions
[37:48] Inflation, Default risk, Bond-stock correlation
[39:45] Spillovers to the global markets?
[44:23] Japanese economy
[53:05] Quantitative tightening or hiking interest rates?
[66:04] A positive ending note