Finance › Speeches › Fabio Panetta

Monetary policy in a shifting landscape

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates

FP
· Fabio Panetta Wiki · Banca d'Italia WikiMonetary policy in a shifting landscape

ContextDinner speech by Fabio Panetta, Governor of the Bank of Italy, at the Inaugural Conference of the Research Network on "Challenges for Monetary Policy Transmission in a Changing World" (ChaMP), Frankfurt am Main, 25 April 2024.

Why it mattersPanetta argues that models must adapt as policy transmission changes.

Problems raised
  1. Our understanding of the economy keeps changing.
  2. Transmission of policy is shifting.
  3. Firms' profitability affects policy.
Solutions proposed
  1. Research monetary transmission in a changing world.
  2. Update economic models.
  3. Consider short-run effects on firms.
Read full speech on bis.org ↗

More from Fabio Panetta · Banca d'Italia · all speeches

More speeches by Fabio Panetta

Other leaders on monetary policy and interest rates