Central bank technocrats rule democratic roost

Joseph Stiglitz said in an article that research shows that if central banks focus on inflation, they do a better job at controlling inflation. However, controlling inflation is not an end in itself: it is merely a means of achieving faster, more stable growth, with lower unemployment, he says.

First published by Business Day, Johannesburg, 11 June. The author, Joseph Stiglitz is professor of economics and finance at Columbia University and was the 2001 Nobel laureate in economics. Previously

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: