Transparency trade-off for central bank independence , UK’s future trade relationships
Monday 22 February 2021 – Vol.12 Ed.8.1
Commentary: Transparency trade-off
By Miroslav Singer in Prague
Politicians can take away central banks’ independence. There are three reasons why they might do so: if central banks produce either inflation or deflation, or it they become embroiled in fights between monetary and fiscal policy-makers. For the ECB, the first two scenarios are unlikely. The third one is a...