Germany's Weber: academics good central bankers

In a speech made on 29 May in Paris, Alex Weber, president of the Bundesbank, said that sending academics to politics clearly solves a problem inherent in academic policy advice: "getting the message across to do the right thing".

He suggested that monetary policy is different from other fields of public policy in that it is conducted by independent institutions and that it is responsible for medium to long-term inflation outcomes.

"When it comes to core monetary policy issues in my current job

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