Kazuhiro Nogi/Getty Images

Изменчивые цели центральных банков

БРЮССЕЛЬ – В этом году выбранная тема встречи представителей центральных банков мира в Джексон-Хоул, штат Вайоминг, мало связана с монетарной политикой: «Содействие динамичной глобальной экономике». Конечно, это важная тема. Но о многом говорит тот факт, что Европейский центральный банк (ЕЦБ) выбрал такую же «немонетарную» тему для собственного ежегодного собрания – «Инвестиции и экономический рост в развитых странах».

Нет ничего плохого в том, что центральные банки задумываются о проблемах, связанных с ростом экономики, внешней торговлей и инвестициями. Однако центральные банки получили независимый статус лишь потому, что, как считалось, они будут отвечать за достижение своих особых целей – поддержание ценовой стабильности, причём независимо от темпов роста экономики. Почему же тогда центральные банки предпочитают уделять внимание внешним вопросам, а не концентрироваться на собственной зоне ответственности?

Ответ, похоже, в том, что они не вполне способны объяснить свою нынешнюю политику.

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