Benjamin Born, professor at the University of Bonn, researches the consequences of monetary and fiscal policy and advises the European Commission and the European Parliament, among others. In a study, he examined how interest rate cuts affect local labor markets. We talk about which population groups are particularly affected by interest rate changes, why the goals of monetary policy are sometimes contradictory, and whether it can increase income inequality.
This episode is about monetary policy relationships, interest rates, and central banks.