Hello from Washington DC!

Hello from Washington DC!

I was just going over my notes from the 2016 World Bank IMF staff Annual Meetings.


Joy Hay and Graham Bippart (2016) Alarm as Britain wades in on monetary policy direction, World faces ‘reversal’ of global trade as populism wrecks deals, Emerging markets, October 7, 2016 http://www.globalcapital.com/globalmarkets

Up to the Annual Meetings, The expansive monetary policy (super-low interest rates and quantitative easing) provided the necessary medicine for the financial crash but it had bad side effects.

Since the financial crash, politicians are more likely to criticize central bankers.

The annual meetings stress the Independence of the central bankers from policy makers. All central banks are subject to political accountability regimes.


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