Banks ‘still groping toward’ macro-pru transparency – Eichengreen
Transparency levels getting better, but New Zealand and Argentina could make improvements
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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