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Curated by Project Syndicate

Targeting Central Bank Independence

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When central banks’ primary role was to maintain price stability, freeing them from political meddling ensured the credibility they needed to achieve their mandate. But in the wake of monetary policymakers’ massive market interventions to boost growth, many politicians are wondering if independence has gone too far.

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  1. Central Banks in the Dock
    Bank of England Stefan Rousseau/PA/Getty Images

    Central Banks in the Dock

    Nov 10, 2017 Barry Eichengreen explains why monetary authorities' hard-won independence is facing powerful new challenges.

  2. The Promise of Fiscal Money
    Bank of England Nur Photo/Getty Images

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    Aug 29, 2017 Yanis Varoufakis calls into question one of Western capitalism's last sacred cows: central bank independence.

  3. Central Banks and the Revenge of Politics
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    Nov 1, 2016 Otmar Issing anticipates strong pushback against monetary authorities' independence, particularly the ECB's.

  4. Taking Monetary Policy to the People
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    Oct 25, 2016 Howard Davies urges central banks to be more open to debate about the social consequences of their actions.

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