BoJ's Fukui on incentives for policymakers

In a speech given at the 12th International Conference given on 30 May, Toshihiko Fukui of the Bank of Japan said incentives matter to central banks, not only at the level of macroeconomic targets, but also at the micro-level of day-to-day decision making.

"In other words, if the people decide that delegating price stability to the central bank leads to the achievement of price stability, how should the central bank make its decisions?

In the growing number of cases, including the Bank of Japan

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