2011 Conference Claudio Borio Interview

Claudio Borio of the Bank for International Settlements (BIS) talks to Romesh Vaitilingam

Claudio Borio of the Bank for International Settlements (BIS) talks to Romesh Vaitilingam about where the pre-crisis consensus on monetary policy-making went wrong; the implementation, effectiveness and costs of 'unconventional monetary policy-making' in response to the crisis; the idea that it is no longer 'better to clean than to lean'; and the research agenda for macroeconomics. The interview, which was recorded in April 2010, represents Claudio Borio's personal views and does not necessarily reflect those of the BIS.

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