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Academic Programs

Video and Slides

On Thursday, January 14, 2021, Federal Reserve Chair Jerome Powell joined Markus Brunnermeier for an online conversation. The following topics were discussed: (1) the new flexible average inflation targeting framework, (2) the possibility of an “inflation whipsaw,” (3) the importance of central bank independence to avoid fiscal dominance and of macroprudential regulation to avoid financial dominance, (4) the difference between the COVID crisis and Great Recession, and (5) various crisis response measures the Federal Reserve employed during the COVID crisis.

Watch the full presentation below. You can also watch all Markus’ Academy webinars on the Princeton BCF YouTube channel

Executive Summary

Coming soon…