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Willem Buiter
Former Chief Economist at Citigroup and former member of the Monetary Policy Committee of the Bank of England. He discusses the challenges that central banks may face in the future.
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Apr 4, 2025
• 26min
S8 Ep19: Central banks as financial agents of the state
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Willem Buiter, a former Chief Economist at Citigroup and ex-member of the Bank of England's Monetary Policy Committee, dives deep into the complex dynamics between central banks and governments. He outlines six future challenges central banks face, including the tension between fiscal dominance and independence. Buiter critiques existing theories on price levels and warns of the risks posed by central bank operations, emphasizing the need for reform to ensure economic stability and effective policymaking.
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