The Dollar's Special Role in the World Economy

If you look at the inflation experience and monetary policy more broadly, the US has been very good since the mid-1980s. But it was really other countries that took the lead in terms of some of the modern central banking and monetary policy starting actually with New Zealand in 1989 or so. So then I agree with the puzzle that you said. The dollar clearly has a special role in the world economy,. especially that goes beyond this thing about this inflation stability. Maybe they just like the pictures on the lawn.