Bill Nelson on the Future of Central Bank Operating Systems
Macro Musings with David Beckworth
Shifts in Central Banking Strategies
This chapter explores the transformation of central bank strategies from supply-driven to demand-driven frameworks, focusing on the implications for interest rates and monetary policy. It analyzes the operational differences among various central banks, particularly the Fed and the Bank of England, while addressing the political pressures that may influence central bank independence. Additionally, the chapter highlights the challenges of liquidity management and the interbank market in light of these evolving approaches to monetary policy.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
