Professor Buckle will speak about monetary policy and the benefits and limits of central bank independence.
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Disclaimer
The views expressed in this presentation are those of the author. They do not necessarily reflect the views of colleagues, the Reserve Bank of New Zealand, or other internal or external Monetary Policy Committee members.
Background
Professor Buckle’s paper reviews the international development of central bank independence, including the reasons it spread internationally since the 1980s and the influence it has had. The paper considers contemporary developments, including for example central bank mandates, the choice of monetary policy instruments, and the experience of the pandemic, and how these could have an influence on central bank independence.
Speaking notes
Read the full presentation - Monetary policy and the benefits and limits of central bank independence (PDF, 1.14MB)