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[Jean Pisani-Ferry] Central bankers keen to take on new responsibilities
[Jean Pisani-Ferry] Central bankers keen to take on new responsibilities
ViewpointsMar 1, 2021
Twenty years ago, central bankers were proudly narrow-minded and conservative. They made a virtue of caring more about inflation than about the average citizen, and took great pains to be obsessively repetitive. As future Bank of England Gov. Mervyn King said in 2000, their ambition was to be boring. The 2008 financial crisis abruptly dashed that objective. Ever since, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. Nonetheless, ma