Monetary Policy, Low Interest Rates and Risk Taking

We live in a world of low and declining interest rates. There is an increasing debate on the macroeconomic implications of such low rates. In particular, there is concern that low interest rates may have undesirable effects on risk-taking and, ultimately, on financial stability. This roundtable will focus on the consequences of low interest rates for stability and growth and, in particular, on their implications for the conduct of monetary policy. This session is organised by the European Central Bank (ECB).