Denmark's Rohde on Cryptocurrencies, Housing, Inequality

The video explores the impact of monetary policy on inequality, particularly in Denmark, highlighting how low-income households benefit from employment gains. It discusses the effects of negative interest rates on asset prices and potential housing bubbles, emphasizing the need for central banks to adhere to their mandates. The political and economic limits of negative rates are examined, along with the rise of cryptocurrencies and their implications for central banks.

How does monetary policy primarily benefit low-income households according to the discussion?

• By lowering housing costs

• By reducing taxes

• By providing more employment opportunities

• By increasing social security benefits

What is the main reason Denmark's experience with monetary policy is different from other countries?

• A strong social security system

• Higher inflation rates

• More government intervention

• Lower debt levels

What is the primary mandate of central banks as discussed in the video?

• To control inflation

• To regulate cryptocurrencies

• To increase employment

• To reduce taxes

What is a significant side effect of prolonged low interest rates?

• Increased unemployment

• Decreased asset prices

• Lower inflation

• Potential housing bubble

Why are rising house prices a concern in Denmark?

• They increase social security costs

• They lead to higher taxes

• They reduce employment opportunities

• They can cause economic instability

What is a historical context mentioned for negative real interest rates?

• They have always been nominally negative

• They are a new phenomenon

• They have been common throughout history

• They only affect high-income households

What potential threat does the rise of cryptocurrencies pose according to the discussion?

• They will lead to higher inflation

• They might undermine central bank autonomy

• They will decrease asset prices

• They could replace traditional banks