Should We Have Faith
in Central Banks?
By: Otmar Issing
Institute of Economic Affairs
55 pages, 5 1/8 x 7 ¾"
$19.50 paper original
Central bank independence is now in vogue because of previous experience of politicization of monetary policy. But can central bankers be trusted more than politicians? A leading monetary economist and one of Europe's most influential central bankers, argues that price stability is a common good and that it is better in the hands of an independent central bank with a clear price stability mandate.
Contents include: the role of money & the value of price stability; credibility-rules & institutions; central bank accountability; faith in the European Central Bank.
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