Time to rethink the centrepiece of economic management, says Gieve

John Gieve

The role of independent central banks deploying monetary policy tools to pursue inflation targets as the centrepiece of economic management needs to be rethought, in the wake of the worst financial crisis in 80 years, according to an article written for the latest edition of the Central Banking Journal by John Gieve, a former deputy governor of the Bank of England.

Gieve states that while many major central banks were not in charge of financial regulation in the lead-up to the financial crisis,

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