Recent news reports highlighted how the Fed technically has a third mandate – moderate long-term interest rates. An economist explains how the objective is already baked into the other two.
Articles on price stability
Displaying all articles
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
A human rights approach offers central banks a new tool for understanding the true costs and benefits of their operations.
New Zealand’s new government wants the central bank to focus on maximising employment. But experience from other countries shows this is unlikely to change policy.
Top contributors
-
Professor of Macroeconomics, University of Sydney
-
Associate Professor of Economics, West Virginia University
-
Professor: International Business & Strategy, Wits Business School, University of the Witwatersrand
-
Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria