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The real problem of economic policy: monetary and fiscal policy can’t remain separate

Goodhart, C. A. E. (2022) The real problem of economic policy: monetary and fiscal policy can’t remain separate. iai News.

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Abstract

Inflation is up the world over and Central Banks are doing the one thing they can do to combat it: they’re raising interest rates. But as recently demonstrated in the U.K., government budgets can sabotage the work Central Banks try to do: increases in government spending can further fuel inflation. It’s time to question the strict separation of the monetary policy of central banks from the fiscal policy of governments and advocate for closer coordination between the two, argues Charles Goodhart.

Item Type: Article
Official URL: https://iai.tv/articles
Additional Information: © 2022 The Institute of Art and Ideas
Divisions: Financial Markets Group
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Date Deposited: 30 Nov 2022 10:42
Last Modified: 15 Sep 2023 11:38
URI: http://eprints.lse.ac.uk/id/eprint/117440

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