Central Banks and Policy Coherence

Modern central banks play an outsized role in our economic development through their central role in both monetary policy and financial regulation.

Many are now arguing that central banks should discharge their role in line with broader public policy objectives on issues such as climate change, greening the economy and tackling economic inequality.

Others see such calls for “policy coherence” as opening a Pandora’s Box that they would rather leave closed as opening it would potentially have no limits and would imply political direction for central bank activities.

This event explored what is the right balance to be struck and appropriate governance models for today’s central banks.

Signe Krogstrup – Governor, Danmarks Nationalbank. Formerly at the Swiss National Bank and the International Monetary Fund.
Leon Wansleben – Head of Research Group on the Sociology of Public Finances and Debt, Max Planck Institute for the Study of Societies, Cologne. Author: “The Rise of Central Banks. State Power in Financial Capitalism” (forthcoming).
Panicos Demetriades – Professor, University of Leicester; former Governor, Central Bank of Cyprus; former member of the Governing Council, European Central Bank; author of “Central Bank Independence and the Future of the Euro”.
Karen Petrou – Managing Partner, Federal Financial Analytics. Author “Engine of Inequality: The Fed and the Future of Wealth in America”.
Alexander Barkawi – Founder and Director, Council on Economic Policies.

Moderator: Joe Zammit-Lucia – Co-Founder, RADIX. Author “The New Political Capitalism” (forthcoming).