Evidence receipt / belief
Published · transcript-backedMark Carney: belief
26 May 2021 Conversations with Tyler Mark Carney on Central Banking and Shared Values
“My view has been that there is a liquidity trap, or there can be a liquidity trap.”
Source trail
Everything needed to verify it.
- Speaker
- Mark Carney
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 26 May 2021
- Publisher
- Conversations with Tyler
Transcript context
…Let’s move to the thrilling central banking topic of the liquidity trap. What I observe in my own country is that for over a decade, we have rates of price inflation really very close to 1.8 percent, close to 2 percent. The liquidity trap in its essence claims the central bank can’t control the price level; maybe the price level is indeterminate. My view is simply the liquidity trap theories are wrong, but what’s your view? My view has been that there is a liquidity trap, or there can be a liquidity trap. I guess I wouldn’t fully subscribe that there can’t be. I would say wasn’t.…
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