NEW YORKâOn Friday, November 12, the Federal Reserve Bank of New York will host a virtual symposium bringing together academics and the central banking community to discuss the effect of monetary and fiscal policy on inequality, with a particular emphasis on the lessons learned from the COVID-19 pandemic. The event will also feature remarks from President and Chief Executive Officer, John C. Williams.
The symposium will cover the following topics: the impact of recessions on inequality and learnings from the COVID-19 recession regarding the effectiveness of fiscal policy at mitigating inequality; the effects of unconventional monetary policy (in particular Quantitative Easing) on inequality; learnings from macroeconomic literature and the COVID-19 recession about the transmission of fiscal/monetary policy and the impact of redistributive policy on aggregate demand and supply; and how heterogeneity should affect the design of optimal policy and its impacts on the trade-off between the Federal Reserve's two goals of price stability and full employment.
The event is open to academics, researchers, and central bankers. Further details on the event, including the full agenda and symposium registration, are available here.
The event is also open to members of the press. All remarks are on the record and the event will be recorded. Media who wish to attend should contact Mariah Measey at the New York Fed, Mariah.Measey@ny.frb.org.
