Central Banks and Societal Pressures

This chapter explores the mounting criticism of central banks for prioritizing social issues like climate change and inequality over their traditional mandates. It analyzes the challenges central banks face in balancing their roles amid political pressures, research ambitions, and economic stability concerns. Ultimately, it underscores the need for a nuanced, informed approach to modern economic analysis, highlighting the complexities of current market dynamics and the impact of external structural forces.