"Too important for central bankers"

Central banks' ruthless pursuit of price stability holds back economic growth and boosts unemployment, says Joseph Stiglitz in an article published on Tuesday June 10.

First published in The Guardian, 11 June. The author, Joseph Stiglitz is professor of economics at Columbia University, and the winner of a 2001 Nobel prize. He is the author of Globalization and Its Discontents.

An independent central bank focused exclusively on price stability has become a central part of the mantra of "economic

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