Macro & Micro Economic Analysis

[In-person] “Why Monetary Analysis Triumphed Over the Consensus During the COVID Crisis, and What is Next”

Overview

It is well known that central banks failed disastrously to forecast inflation during and after the COVID crisis. The reason for this failure was that their economists and senior officials use the wrong model (s) of inflation – that is, they do not understand the drivers of inflation. For licensed individuals, professional investors, academics and students alike, it is important to correct these misunderstandings.

Content Highlight

• Comparison of forecasts at the start of the COVID crisis
• The consistency of monetary forecasts
• Why interest rates are a misleading measure of monetary policy: they are the result of past money growth
• What do monetary forecasts show now about 2025-26?
• What does this mean for the investment outlook?

Who Should Attend

All licensed individuals and professional investors.

Instructor / Speaker

John GREENWOOD

Dr John Greenwood is the Chief Economist of International Monetary Monitor Ltd since 2022. Prior to this, he was the Chief Economist of Invesco Ltd. with responsibility for providing economic analysis and forecasts to Invesco portfolio managers and clients. He started his career in 1970 as a visiting research fellow at the Bank of Japan. In 1974 he joined GT Management as Chief Economist. The firm was acquired by Invesco in 1998. As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar. He was a director of the Hong Kong Futures Exchange Clearing Corporation for four years until 1991, and in 1992 became a council member of the Stock Exchange of Hong Kong, a position he held for twelve months. In that same year, he was an economic adviser to the Hong Kong Government. He has been a member of the Committee on Currency Board Operations of the Hong Kong Monetary Authority since 1998. He is also a member of the Shadow Monetary Policy Committee in England, and he serves on the board of the Hong Kong Association in London.

Administrative Details

Code
TSBME24000601
Date & Time
Monday, 28 Oct 2024 (12:00 PM - 01:00 PM)
Venue
HKSI Institute, 17/F, Cambridge House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
...More
Language
English
Hours
SFC:1.00, PWMA:1.00
Fees