Season 1 · Episode 315
Changing the role of central banks
Liz Truss wants to look into the mandate of the Bank of England. What's she really thinking, and what should she change?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
September 7, 202238m 19s
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Liz Truss, the UK’s latest Prime Minister, has vowed to review the mandate of the Bank of England (BoE). It’s unclear what outcome she wants, although Kwasi Kwarteng, who is likely to be the new Chancellor of the Exchequer, has suggested the BoE didn’t move fast enough to lift interest rates. Does that mean she wants more influence over the bank’s decision making? On this week’s podcast Phil Dobbie and Prof Steve Keen look at the approach taken by central banks this time round to reduce inflation and Phil asks Steve, if you were to change the function of central banks, what would you do?
Hosted on Acast. See acast.com/privacy for more information.