The central bank cannot be the only game in town – Lars Peter Hansen and Peter Praet (article)

The central bank cannot be the only game in town – Lars Peter Hansen and Peter Praet (article)

In memory of Jan Tinbergen, KVS published a conversation between Lars Peter Hansen and Peter Praet, moderated and edited by Eric Bartelsman and Jasper Lukkezen.

This conversation took place shortly after Peter Praet’s retirement from the board of the European Central Bank. Praet guided the ECB through the sovereign debt crisis, dramatically expanded its supervisory arm, and conceived the euro area version of quantitative easing. Lars Peter Hansen is an American macro-economist who has worked his entire career in academia and teaches at the University of Chicago since 1981. He received the 2013 Nobel in economics for his contribution to the understanding of asset price movements. His recent work focusses on how economic agents cope with changing and risky environments.

The conversation can be read here. More conversations between policy makers and academics on the memory of Tinbergen will follow in due course, as part of the KVS preadviezen bundle.