The role of central banks in addressing inequality
COVID-19 has exacerbated inequality worldwide. Central banking experts from the U.S., Finland, and Malaysia discuss if and how central banks can help.
Faculty
Athanasios Orphanides is a Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management.
He is also an Honorary Advisor to the Bank of Japan’s Institute for Monetary and Economic Studies, a member of the Shadow Open Market Committee, a Research Fellow at the Centre for Economic Policy Research, a Senior Fellow at the Center for Financial Studies, and a Research Fellow at the Institute for Monetary and Financial Stability.
His research interests are on central banking, finance, and political economy and he has published extensively on these topics. He has also contributed to the ongoing debate on the euro area crisis.
Before joining MIT Sloan, he held positions at central banks in the United States and in Europe. From May 2007 to May 2012, he served a five-year term as Governor of the Central Bank of Cyprus and was a member of the Governing Council of the European Central Bank. Following the creation of the European Systemic Risk Board in 2010, he was elected a member of its first Steering Committee. Earlier, he served as Senior Advisor at the Board of Governors of the Federal Reserve System, where he had started his professional career as an economist.
Athanasios Orphanides obtained undergraduate degrees in mathematics and economics as well as a PhD in economics from MIT.
Orphanides, Athanasios and John C. Williams, MIT Sloan Working Paper 6628-22. Cambridge, MA: MIT Sloan School of Management, March 2022.
Honohan, Patrick and Athanasios Orphanides, Working Paper. March 2022. WIDER Working Paper 29/2022.
Orphanides, Athanasios, MIT Sloan Working Paper 6609-22. Cambridge, MA: MIT Sloan School of Management, February 2022.
Athanasios Orphanides. Discussion Paper No. 2021-E-10. In Monetary and Economic Studies, Tokyo, Japan: November 2021. Download Paper.
Hofmann, Boris, Marco Jacopo Lombardi, Benoit Mojon, and Athanasios Orphanides, Working Paper. July 2021. BIS Working Paper No. 954.
Lengwiler, Yvan, and Athanasios Orphanides, MIT Sloan Working Paper 6428-21. Cambridge, MA: MIT Sloan School of Management, April 2021.
COVID-19 has exacerbated inequality worldwide. Central banking experts from the U.S., Finland, and Malaysia discuss if and how central banks can help.
U.S. acting Comptroller of the Currency Brian Brooks predicted a V-shaped recovery but said a second stimulus may still be needed.
Between March and June 2020, writes Athanasios Orphanides, the Fed created as many reserves as it had in its first 100 years.
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