March 14, 2016· 23 min

Episode 19: Pow! Pow! El-Erian Talks Central Bank Ammunition

Mohamed El-Erian

Orality

Model

67%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(744 words)

M:94%

HostJoe Weisenthal(744 words)

M:94%

GuestMohamed El-Erian(2,044 words)

M:28%

Oral Indicators

Agonistic44%

literally, completely, very

Engagement55%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

they (54x), it's (28x), central (26x)

Parallelism67%

So Dan and I have a treat for ..., And he also has a new book out..., And, on that note, it's a real...

Sound Patterns57%

23 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases10%

you know what, i mean

Literate Indicators

Hedging16%

might, quite, fairly

Passive Voice10%

being given, is called, was attended

Abstract Nouns33%

investment, recommendation, replacement

Subordination10%

because, since, while

Sentence Length36%

Avg: 14.0 words/sentence

Word Complexity50%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style45%

222 personal pronouns found

Descriptive Style96%

literally, completely, really

Description

Asset purchases! Currency devaluations! Low interest rates! Negative interest rates! And... more? The world's central banks have unleashed a torrent of unconventional monetary policy since the 2008 financial crisis, hoping to heal economic wounds and revive markets' animal spirits. Rescuing us from another Great Depression is no longer seen as sufficient. Seven years on, doubts are starting to build about the ability of central banks to continually boost economic growth. Talk of central banks "running out of ammunition" reached a crescendo earlier this year and coincided with a dramatic market sell-off. More economists are saying fiscal policy needs to play a greater role, while the European Central Bank last week demonstrated it may still have some bullets left in its armory. We sit down this week with Mohamed El-Erian, BloombergView columnist and chief economic adviser at Allianz SE, as well as Dan Moss, executive editor of global economics for Bloomberg News, to discuss the limits of central banks. See omnystudio.com/listener for privacy information.

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