Blanchard leads calls for more ‘democratic input’ in central bank decision-making

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Olivier Blanchard, the International Monetary Fund's chief economist, has called for changes to central bank decision-making, to allow a degree of "democratic input" where policies will have a significant redistributive effect.

Blanchard was joined in a panel discussion at the Deutsche Bundesbank by Viral Acharya, a professor of economics at NYU Stern; Richard Fisher, the president of the Dallas Federal Reserve; Otmar Issing, a former member of the board of the European Central Bank; and Klaas K

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