Leading central bankers unsure about impact of technology on monetary policy

Bank of Japan President Haruhiko Kuroda
Haruhiko Kuroda: "Broaden thinking"

Leading central bankers have expressed uncertainty about the implications of technological change for the relationship between inflation and employment.

Bank of England governor Mark Carney and Haruhiko Kuroda, head of the Bank of Japan, suggested new technologies are transforming the economic relationships that inform central bank policies.

Carney said the impact of technology on wages had potential implications for the Phillips curve and "therefore directly for monetary policy", finding it "mo

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: