
(AGENPARL) – mar 28 marzo 2023 More focused, less interventionist central banks would likely deliver better outcomes []
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Dear Colleague,
Not long ago, central bankers were heroes, supporting feeble growth with unconventional monetary policies, promoting the hiring of minorities by allowing the labor market to run a little hot, and even trying to hold back climate change, all the while berating paralyzed legislatures for not doing more. Now they stand accused of botching their most basic task, keeping inflation low and stable. Politicians, sniffing blood and mistrustful of unelected power, want to reexamine central bank mandates, writes Rajan.
“Did central banks get it all wrong? If so, what should they do?”
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Nick Owen
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F&D Magazine
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