Banks ‘still groping toward’ macro-pru transparency – Eichengreen

Barry Eichengreen

One of the biggest transparency challenges facing central banks today is how best to release information incorporating macro-prudential policy mandates with existing responsibilities for price stability, according to Barry Eichengreen, a leading expert on central bank governance.

“Central banks are still groping toward how to explain the connections between interest rate policy and inflation targeting on the one hand and macro-prudential policy on the other,” the Berkeley professor of economics

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