Transparency trade-off for central bank independence , UK’s future trade relationships

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...

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