Независимость центрального банка: стоит ли результат похвальбы?

Алан Гринспэн в качестве управляющего Федеральной резервной системы США стал почти иконой. Поэтому, в то время как его срок пребывания в должности подходит к концу и его мантия непогрешимости переходит к его преемнику, имеет смысл оценить, насколько его наследие соответствует ожиданиям и чего нам следует ждать от нового руководителя Федеральной резервной системы, Бена Бернэйнка.

Немногие управляющие центрального банка удостаивались таких панегириков, как Гринспэн, особенно при жизни. Но что делает управляющего центрального банка великим в нашем современном обществе – величие учреждений или величие личности?

В экономике, мы редко сталкиваемся с явным противоречием фактам: работала бы экономика еще лучше или немного по-другому, если бы у руля был кто-то другой? Мы не можем знать этого наверняка, но мало кто сомневается, что заслуги тех, кто «управляет» экономикой, незаслуженно переоцениваются, а иногда и вина их недооценивается.

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