by Summary:
The Economist speculates that central bank independence might be on its way out. The article suggests that motives for independence (i.e., Sargent/Wallace or Barro/Gordon type arguments) might be less relevant given the environment of low inflation and interest rates. See also my earlier, related blog post.
Topics:
Dirk Niepelt considers the following as important: Barro and Gordon, Central Bank, Independence, inflation, Interest Rate, Notes, Sargent and Wallace
This could be interesting, too:
The Economist speculates that central bank independence might be on its way out. The article suggests that motives for independence (i.e., Sargent/Wallace or Barro/Gordon type arguments) might be less relevant given the environment of low inflation and interest rates. See also my earlier, related blog post.
Topics:
Dirk Niepelt considers the following as important: Barro and Gordon, Central Bank, Independence, inflation, Interest Rate, Notes, Sargent and Wallace
This could be interesting, too:
Claudio Grass writes Gold climbing from record high to record high: why buy now?
Marc Chandler writes FX Becalmed Ahead of the Weekend and Next Week’s Big Events
Joseph Y. Calhoun writes Weekly Market Pulse: Questions
Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”
The Economist speculates that central bank independence might be on its way out. The article suggests that motives for independence (i.e., Sargent/Wallace or Barro/Gordon type arguments) might be less relevant given the environment of low inflation and interest rates.
See also my earlier, related blog post.