Crisis undermines our models: new SNB official

Jean-Pierre Danthine, an academic who is set to join the Swiss National Bank's (SNB) board in 2010, has said that the crisis demands a fundamental rethink of the economic models used by central bankers.

The academic, who now heads the Swiss Finance Institute, told Le Temps, a Swiss newspaper, in an interview published on Thursday: "The enormous progress that we made on monetary theory has led to excellent control of inflation. But this progress seems intermediary today. The models leave an op

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: