Professor Paul Fisher, a recent member of the Bank of England’s Monetary Policy Committee and also a recent Deputy Chairman of the Prudential Regulatory Authority and a Richmond Visiting Professor, will be giving a talk about ‘Central banks and their balance sheets (in the light of QE)’ in October.

The event, which will be held on Wednesday 10th October at 3pm at the University’s Kensington campus (Seminar 1, 17 Young Street, Kensington), is being organised by the Richmond’s Wellbeing Research Centre.  The Centre aims to encourage discussion and debate on all matters relating to wellbeing research.  A particular interest of the Centre is the dissemination and discussion of issues relating to relationships between wellbeing and the economic condition.

In the talk, Professor Fisher will be discussing the balance sheet issues that central banks need to address when quantitative easing might be withdrawn and how that interfaces with regulation and financial stability. In discussing these issues Professor Fisher will be drawing on the UK and other experiences.

Dr Parviz Dabir-Alai, Professor of Economics at Richmond Business School, said, “We’re delighted that Professor Fisher will be speaking at this event, which could not be more timely for a number of reasons.

“There is the potential of a new direction on monetary policy within the United States’ Federal Reserve with the appointment of Jay Powell in February.  This year marks the tenth anniversary of the collapse of Lehman Brothers, which has only just passed on 15 September.   We have sluggish GDP growth which is forecast to continue.  On top of all this, we have the potential of a ‘no-deal Brexit’ and the likelihood of further central bank interventions.  We very much look forward to hearing Professor Fisher’s views on how issues such as these factors will affect central banks’ balance sheets.”