The curious case of central bank convergence – Financial Times

Di il 08 Giugno, 2024
We shouldn’t let debates about who cuts rates and when distract us from the bigger picture

“So, what have the past few years taught us? We have learnt that people in high-income democracies still really dislike inflation, so this monetary regime appears to have considerable political legitimacy. There is a parallel here with the “end of history” argument made about liberal democracy after the fall of the Berlin Wall in 1989: there really are no credible alternative monetary regimes.” 

Fonte: Financial Times

Autore: Adam Posen

Link: The curious case of central bank convergence

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