Why Central Banks Are Trapped

Why Central Banks Are Trapped

Daniel Lacalle 14/07/2018 7

Watch my conversation with Jeff Deist at Mises Institute about the challenges of monetary policy, the risks of demand-side policies and how Austrian economics can help deliver solutions to current challenges.



 

A version of this article appeared here.

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  • Richard Coxon

    Central banks can only promote macroeconomic stability, they have lost their credibility throughout years.

  • Mark Wilson

    I think that central banks can no longer control productivity growth.

  • Luana Xavier

    Some people working there have little understanding of macroeconomics. That's why they are trapped.

  • Mariusz Kaczorowski

    No wonder they can't tell us anything!

  • Chris Deacon

    Excellent interview. Central bankers can't manage expectations.

  • Ryan Woodman

    It's time to look for asset classes outside of their traditional comfort zone.

  • Ahmed Zayed

    They need to assess the impact of their spending, even if the estimates will never be exact.

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Daniel Lacalle

Global Economy Expert

Daniel Lacalle is one the most influential economists in the world. He is Chief Economist at Tressis SV, Fund Manager at Adriza International Opportunities, Member of the advisory board of the Rafael del Pino foundation, Commissioner of the Community of Madrid in London, President of Instituto Mises Hispano and Professor at IE Business School, London School of Economics, IEB and UNED. Mr. Lacalle has presented and given keynote speeches at the most prestigious forums globally including the Federal Reserve in Houston, the Heritage Foundation in Washington, London School of EconomicsFunds Society Forum in Miami, World Economic ForumForecast Summit in Peru, Mining Show in Dubai, Our Crowd in Jerusalem, Nordea Investor Summit in Oslo, and many others. Mr Lacalle has more than 24 years of experience in the energy and finance sectors, including experience in North Africa, Latin America and the Middle East. He is currently a fund manager overseeing equities, bonds and commodities. He was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters’ Extel Survey in 2011, the leading survey among companies and financial institutions. He is also author of the best-selling books: “Life In The Financial Markets” (Wiley, 2014), translated to Portuguese and Spanish ; The Energy World Is Flat” (Wiley, 2014, with Diego Parrilla), translated to Portuguese and Chinese ; “Escape from the Central Bank Trap” (2017, BEP), translated to Spanish. Mr Lacalle also contributes at CNBCWorld Economic ForumEpoch TimesMises InstituteHedgeyeZero HedgeFocus Economics, Seeking Alpha, El EspañolThe Commentator, and The Wall Street Journal. He holds a PhD in Economics, CIIA financial analyst title, with a post graduate degree in IESE and a master’s degree in economic investigation (UCV).

   

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