Blinder, Alan S. - Griswold Center for Economic Policy Studies, Department … - 2008
as central bank independence is, it cannot be absolute in a democracy.
There should, for example, be some ultimate … mitigate the “democracy deficit.” Giving the power to
appoint central bank officials to politicians who must stand for … Bank research workshop on monetary
policy committees in Oslo, September 2007. I am grateful to the Center for Economic …