Finanz und Wirtschaft, July 25, 2020. PDF. The Swiss National Bank—yes, the Swiss one—feels it must remind politicians of its independence. Parliamentarians from left to right (!) voice demands. To shrink the SNB’s balance sheet? No, for more central bank profits to be distributed sooner rather than later. I discuss misconceptions, possible motivations, and a constructive response. «The best way to defend the independence of a central bank is never to exercise it.»
Topics:
Dirk Niepelt considers the following as important: Central bank independence, Contributions, Fiscal monetary policy interaction, Independence, Monetary Policy, Politics, Seignorage, Swiss National Bank, Switzerland
This could be interesting, too:
Investec writes Church tax – should Swiss companies be forced to pay?
Claudio Grass writes Sound Individualism vs Toxic Collectivism
Claudio Grass writes Sound Individualism vs Toxic Collectivism
Claudio Grass writes Private property rights under siege
Finanz und Wirtschaft, July 25, 2020. PDF.
The Swiss National Bank—yes, the Swiss one—feels it must remind politicians of its independence. Parliamentarians from left to right (!) voice demands. To shrink the SNB’s balance sheet? No, for more central bank profits to be distributed sooner rather than later.
I discuss misconceptions, possible motivations, and a constructive response. «The best way to defend the independence of a central bank is never to exercise it.»