Are independent central banks better at controlling inflation than central banks under political control?


Next in Economics

Alberto Alesina elaborates upon his 1993 paper and recent criticisms that independent central banks are too secretive and put the banks’ interests before taxpayers’ both with cries of “audit the Fed,” in the US and in the U.K., Prime Minister Theresa May has said the Bank of England’s policies widened inequality and some politicians have called for more central bank oversight. Alberto Alesina is the Nathaniel Ropes Professor of Political Economy at Harvard University. He obtained his Ph.D. from Harvard in 1986.  He served as Chairman of the Department of Economics from 2003 – 2006. He is a member of the National Bureau of Economic Research and the Center for Economic Policy Research. He is a member of the Econometric Society and of the American Academy of Arts and Sciences.  He is the director of the political economy program of the NBER since 2006.

He is has published extensively in all major academic journals in economics. He has published five books. Amongst those are: The Future of Europe: Reform or Decline, published by MIT Press, with Francesco Giavazzi and Fighting Poverty in the US and Europe: A World of Difference, published by Oxford University Press, with Edward Glaeser. He has been a Co-editor of  the Quarterly Journal of Economics for six years and Associate Editor of many  academic journals. He has published columns in many leading newspapers around the world and has visited several institutions including MIT, Tel Aviv University, University of Stockholm, The World Bank, and the IMF. He holds a visting position with IGIER Bocconi.

 

Image courtesy of interviewee. March 15, 2017

Log-in or Sign-up to Faculti
Currently viewing this subject insight as a guest. You have insight(s) remaining for this month. Login to view 8000+ figures on the platform.
Copyright © Faculti Media Limited 2013 - 2024. All rights reserved.

Guide

Platform and Category Pages

Browse 8000+ figures on the platform by subject or sub-category using our top menu or search bar.

Video Pages

Use Workspace to generate Interactive transcripts, Related Studies, AI Chat, Multi-language translations, Key points and quotes, and more.

Download the app

Stream the entire platform on our iOS and Android app.

Contact Us

For all queries, please contact our switchboard at:

UK/EUR: 0330 043 0655

USA: 18335826650

The switchboard is open from Monday to Friday during working hours (9am to 6pm). We recommend calling us for a more immediate response.

Or Submit a Ticket

FAQs

Guide

Faculti is an online video streaming platform covering research, analysis and policy. More here on our guiding principles, editorial policy and testimonials.


Interview Process

For in-depth insights:

All questions sent in advance by 4-5 days. Interview undertaken on Zoom, Webex or phone. Journalist checks for framing, lighting, sound. Journalist interviews you, asks follow-ups, retakes. Raw footage enters editing cycle.

For news and opinion commentaries:

As above but shorter turnaround time and questions sent closer to interview date for temporal relevance.

Accessibility Options

error: