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Central Banks in the Dock

Barry Eichengreen, (2017), “Central Banks in the Dock”, Project Syndicate, 10 November

Today, central banks are under attack for missing their inflation targets, failing to maintain financial stability or restore it in transparent ways, and ignoring the global repercussions of their policies. But compromising central bank independence in order to enhance political accountability would be to throw the baby out with the bathwater.

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