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:
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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.