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Yield Curve Control Versus Other Increasingly Ineffectual Monetary Policy Tools
Course Information
Content Level: Advanced
NAPFA Subject Area: I-Economic & Political Environment
Course Description

In this session, yield curve control (YCC) will be evaluated against five monetary tools that have already been tried with increasingly disappointing results for U.S. economic performance. These other tools include:  policy rate changes; effects of both quantitative easing and tightening operations, also known as QE and QT; cooperation with the depository institutions, which must transmit any successful central bank operation to the broader economy; signaling, which is a favorite for stock market investors, but at the cost reduced growth in the standard of living; and coordination of monetary and fiscal policy, the main feature of the governmental response to the pandemic of 2020-21.

Learning Objectives
  1. Learn about the key six transmission mechanisms of central bank policy
  2. Evaluate alternative monetary policy actions
  3. Understand how yield curve control may be a better alternative than policies already extensively tried and failed

Dr. Lacy Hunt

Dr. Lacy Hunt is the internationally-known and award winning Executive Vice President and Chief Economist at Hoisington Investment Management Company. Dr. Hunt holds a BA from Sewanee: The University of the South, an MBA from Wharton, and is the first person to receive a Ph.D. in Economics from Temple University. Before Hoisington, Dr. Hunt was Senior Economist at the Federal Reserve Bank of Dallas, Vice President for Monetary Economics at Chase Econometrics Associates, Executive Vice President and Chief Economist at Fidelity Bank, and Chief U.S. Economist for the HSBC Group. His research has appeared in such publications as The Journal of Finance. His scholarly book was applauded in peer reviews in the Wall Street Journal and Financial Analysts Journal and his self-help book on economics and markets was praised in USA Today. Dr. Hunt received the Abramson Award from the National Business Economists for “outstanding contributions in the field of business economics.”

Availability: Retired
Initial Cost: Member: $39.00
Non-Member: $59.00
Additional Cost: CFP® CE: $10.00
Credit Offered:
No Credit Offered
Contains: 2 Courses
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