Navigating the hazards of inequalities
Inequality poses a serious challenge for central bank communications, says Mike Hannah
Widening wealth and income inequalities have become a communications hazard for central banks, as a result of mistiming between their and governments’ actions to support economies struggling with the Covid-19 pandemic.
Initially, this seemed to be an issue of the perennial lack of co-ordination between independent monetary and political fiscal authorities, intervening in different spaces at different paces, but affecting economies at the same time. Central banks were boosting economic activity
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