Removing the Zero Lower Bound on Interest Rates - a CEPR-Brevan Howard Centre event

On 18th May 2015, the Centre for Economic Policy Research, the Brevan Howard Centre for Financial Analysis and the Swiss National Bank co-hosted a conference to discuss the theoretical and practical consequences of removing the zero lower bound on interest rates. This conference brought together leading academic and practioner economists to discuss changing perspectives on the zero lower bound phenomenon, and the rising credibility of the concept of an effective lower bound, not at zero.

Featuring two key note speeches by Professor Kenneth Rogoff of Harvard University and Professor Willem Buiter, Global Chief Economist at Citi, the conference included three panels, which analysed in detail market participant views; economic, financial, legal and practical issues and central bank views. The conference culminated in a speech by Benoît Cœuré, Member of the Executive Board of the European Central Bank, which discussed the monetary policy tools that could be used for dealing with the effective lower bound.

CEPR and the Brevan Howard Centre commissioned interviews of key conference participants. They are available here.

CEPR is grateful to the conference participants and attendees, and Franklin Allen and Signe Krogstrup for organising the event.