Raghuram Rajan — Debt, Monetary Policy, and Unintended Consequences
The Joe Walker Podcast
Governance Structure, Recruitment, and Independence of Central Banks
This chapter explores the governance structure of central banks and its impact on their effectiveness. It discusses the role of beliefs and economic ideology within central banks, compares the recruitment of central bank chiefs to national football coaches, and highlights the political nature of central banking despite its technocratic appearance. It also delves into the limitations placed on the independence of central banks due to funding and support from Parliament.
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