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The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy framework and the roles of the central banks were no longer tenable. This prompted rethinking of central bank objectives, strategies and policy instruments, with particular focus on the...
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structural polices for an older, indebted and more fragmented world. …, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation … until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in …
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interpret the evolution of the central bank independence from the Great Inflation and during the Great Moderation – i.e. from …
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framework is then used to interpret the evolution of central bank independence from the Great Inflation throughout the Great …
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