In February 26 2021 civil servants in Insurance Agency of Bosnia and Herzegovina attended the webinar "The strange case of the real neutral rate. Are we in a secular stagnation?". The webinar with over fifty participants was organized by the Italian Banking, Insurance and Finance Federation (FeBAF).
Introductory remarks were made by Paolo Garonna, Secretary General of the the Italian Banking, Insurance and Finance Federation (FeBAF). The speaker was a leading economist from Oxford Economics − Daniel Harenberg. Participants in the discussion were: Elena Carletti − full professor of finance at the University of Bocconi, Dario Focarelli − CEO of Ania and Stefano Siviero − Deputy Director General of the Directorate General for Markets and Payment Systems of the Central Bank of Italy.
The training, that took the form of webinar, covered topics such as ultra-low interest rates, inflation below target, underwhelming potential output growth in the Eurozone and the duration of the situation. It was considered what the economies needed to do with a view to get back to normal.
Theses that monetary policy had become unconventional and that a number of economies had faced problems of inflation and turbulence in financial markets have been highlighted. Also, the implications of falling interest rates and the growing share of the elderly population on the financial sector and monetary policy were highlighted.