Tag: Central Banks

Inequality Should Matter for Central Banks

and | 16 February 2017
Blog, Monetary | Tags: Central Banks, Inequality, Quantitative Easing
Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing ... continue reading

Central Banking and Inequality – Taking Off the Blinders

, and | 16 June 2016
Blog, Monetary | Tags: Central Banks, Ethics, Inequality
Since the financial crisis, the relative importance of monetary policy in the toolbox of macroeconomic policies has increased. In parallel, we have seen a renewed social and political concern with rising inequalities in income and wealth. However, the two trends are rarely connected.[1] Despite studies ... continue reading

Central Banks, Financial Stability and Inequality

| 9 March 2015
Blog, Monetary | Tags: Central Banks, Financial Stability, Inequality
When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many ... continue reading

Monetary Policy and Inequality – What Do Central Bankers Say?

| 24 November 2014
Blog, Monetary | Tags: Central Banks, Inequality, Monetary Policy
“Benign neglect” perhaps most aptly characterizes the attitude that central bankers have traditionally displayed toward the topic of economic inequality. Indeed, monetary policy and inequality have long been regarded as having nothing more in common than just the fact that they both coexist. In the ... continue reading