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Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)

New Books in Economics

CHAPTER

Democracy and Monetary Policy

This chapter examines the relationship between democratic principles and monetary policy, arguing for increased citizen involvement in its formulation. By analyzing the historical context of monetary governance and advocating for transparency, the discussion critiques the traditional notion of central bank independence and highlights the disconnect between theory and economic realities.

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