Carola Binder, "Shock Values: Prices and Inflation in American Democracy" (U Chicago Press, 2024)
New Books in Public Policy
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The Evolution of Transparency in Central Banking
This chapter explores the shift towards increased transparency in central banking, focusing on the Federal Reserve's adoption of more open communication with the public. It discusses the importance of transparency in shaping public trust and expectations, especially during key economic periods like the Great Inflation and the recent crises. The chapter also delves into the challenges of maintaining accountability for technocratic institutions within a democratic framework, touching on the concept of techno populism and proposals for strengthening the American economy and democracy.
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