BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Populism and Central Bank Independence - Rosa Lastra (Queen Mary U
 niversity of London)
DTSTART:20180321T120000Z
DTEND:20180321T140000Z
UID:TALK99265@talks.cam.ac.uk
CONTACT:66457
DESCRIPTION:Rosa Lastra will present on collaborative work with Charles Go
 odhart on central bank independence in after the Global Financial Crisis. 
 As they write: “The consensus that surrounded the granting of central ba
 nk independence in the pursuit of a price stability oriented monetary poli
 cy has been challenged in the\naftermath of the global financial crisis\, 
 in the light of the rise of populism on the one hand and the expanded mand
 ates of central banks on the other hand. After considering the economic ca
 se for independence and the three Ds (distributional\, directional and dur
 ation effects)\, the paper examines three different dimensions in the deba
 te of how the rise in populism - or simply general discontent with the sta
 tus quo - affects central bank independence. Finally\, the paper examines 
 how to interpret the legality of central bank mandates\, and whether or no
 t central banks have exceeded their powers. This\nanalysis leads us in tur
 n to consider accountability and\, in particular\, the judicial review of 
 central bank actions and decisions. It is important to have in place adequ
 ate mechanisms to ‘guard the guardians’ of monetary and financial stab
 ility.”\n\nThe article is available here: https://link.springer.com/arti
 cle/10.1007/s11079-017-9447-y\n
LOCATION:Seminar Room S2\, Alison Richard Building
END:VEVENT
END:VCALENDAR