Why we need better central bank accountability

As central banks take on an increasingly powerful role in our political and economic lives, it is time to find new ways of ensuring that they are more fully accountable. … Read More Why we need better central bank accountability

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Central banks are facing a credibility trap

Central banks are being forced to govern through exceptions in an era in which rule-following (particularly the holy grail of the 2% inflation target) has become the ultimate source of policy credibility. As the potential for renewed economic crisis continues to grow, this credibility trap will only grow – as central bankers and governments find themselves lurching from exception to exception, refusing to question the neoliberal rules that no longer seem to apply.… Read More Central banks are facing a credibility trap