20th Annual DNB Research Conference “Fiscal and Monetary Policy in a changing Economic and Political Environment" - De Nederlandsche Bank

The conference aims at understanding several questions such as: - How does the interaction between monetary and fiscal policy affect the efficiency and stability of financial markets, both in terms of risk pricing and the composition of portfolios of households and institutional investors, which in turn could have implications for aggregate investment dynamics? - What kind of monetary and fiscal policy mix can bring inflation to target and support long run growth? - Why has it been so difficult for monetary policy to bring inflation up to target levels? Can deficit-financed fiscal policy support monetary policy in these conditions? - What is the optimal policy mix to support required structural reforms, especially in Europe? Does unconventional monetary policy support structural reforms? - Are large central bank balance sheets benign, or not? Is central bank independence under threat in the current environment? Is central bank independence still desirable? How is democratic accountability ensured?