Populism and the Future of Central Banking
With populist movements gaining ground, their complaints about independent monetary policymakers could now change the relationship between central banks, treasuries, and legislatures. The question for 2017 is whether that would be a good thing, or whether central-bank independence should be defended against the coming attack.
https://prosyn.org/Q9NEX5s
LONDON – Throughout 2016, populist movements in developed countries set their sights on central-bank independence. To the populist bull, unelected technocrats wielding policies that have political and distributional consequences may as well be waving a red cape.