Quantitative Exiting - The Road Ahead for Monetary Policy

Explore a panel discussion from the 2013 Milken Institute Summit in London focusing on the future of monetary policy and quantitative easing. Gain insights from leading economists and financial experts as they analyze the potential impacts of Federal Reserve tapering, discuss the outlook for European and Japanese central banks, and examine the effects on emerging markets. Delve into topics such as the limits of quantitative easing, cost-benefit analysis, balance sheet evolution, central bank credibility, and interest rate commitments. Learn about the challenges facing policymakers as they navigate uncertain economic terrain and attempt to stimulate global growth while managing potential risks.

Introduction
Limits to QE
Costbenefit calculus
First principles
Balance sheet evolution
For guidance vs QE
Central tension
Reaction function
Counterfactual
Credibility
Markets
Interest rate commitment
ECB in a comfortable position
Feds balance sheet