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(Credit: Art by Pete Reynolds)
Dear Colleague,
The predominant intellectual framework central banks have followed since the global financial crisis that began in 2008 neither stresses the most pressing looming issues nor mitigates their potential dire consequences in today's climate, writes Princeton economics professor Markus Brunnermeier in the March edition of F&D.
Brunnermeier discusses the main challenges central banks will face, which monetary theories will be in the limelight, and how central banks can avoid becoming complacent and end up fighting the last war.
“Central banks should return to a monetary approach in which stabilizing inflation expectations is a central priority.”
(Credit: March Cover Pete Reynolds)
The latest edition of F&D Magazine focuses on New Directions for Monetary Policy. Authors include Gita Gopinath, Raghuram Rajan, Markus Brunnermeier, Masaaki Shirakawa, Christoffer Koch, Greg Kaplan, Giancarlo Corsetti, Michael Weber, Claudio Borio, and many more.
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