Willem Buiter

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.