The Challenges for Central Banking for the Next Years

Julio Velarde ()
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Julio Velarde: Central Reserve Bank of Peru

Ensayos Económicos, 2022, vol. 1, issue 79, 199-205

Abstract: This article reflects on the challenges facing central banking in the coming years. First, a set of principles for a successful monetary policy is postulated. Then, the importance of the financial cycle and its relationship with monetary policy is discussed. Finally, we reflect on post-COVID-19 inflation control and future challenges such as fiscal dominance and the creation of digital currencies.

Keywords: COVID-19; financial cycle; inflation; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2022
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