Are Central Banks Still Conservative?

Edited by Etienne Farvaque and Piotr Stanek

in Books from Edward Elgar Publishing

Abstract: With a foreword written by Kenneth Rogoff, this astute book examines central banking through the lens of his principle of the conservative central banker and emphasis on price stability over short-term political and economic pressures. Expert contributors explore how central banks have maintained low inflation while navigating global shocks, including the disinflation of the 1980s and the inflationary resurgence after 2021.

Keywords: Central Bank; Price Stability; Monetary Policy; Fiscal-Monetary Policy Interactions; Central Bank Independence; Conservative Central Banker (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035337569
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Chapters in this book:

Reflections on 40 years of conservativeness: an introduction to the book

Etienne Farvaque and Piotr Stanek

Central banks and political cycles

Hugo Oriola

The quantity theory of money in central banking, 1870–2020

Alexander Jung

Trends in central bank independence: a de jure perspective

Davide Romelli

Can the conservative central banker be a woman?

Cristina Bodea and Andrew Kerner

Do Europeans like their central bank conservative? Evidence from the communication about the 2022 hikes

Maqsood Aslam, Etienne Farvaque, Kokouvi Kada-Sedode and Piotr Stanek

Gold renaissance among central banks: can gold reserves reduce sovereign credit risk?

Joanna Bogołębska, Ewa Feder-Sempach, Ewa Stawasz-Grabowska and Bojan Pejović

Central bank independence, inflation, and growth in Africa

Christine O. Strong

Does central bank independence protect against fiscal dominance?

Marek A. Dąbrowski

How to save central banks’ independence from the unconservative governor: the alarming case of the National Bank of Poland

Andrzej Wojtyna

Unconventional monetary policies and the conservative central banker principle: two interpretations

Jakub Janus and Krystian Mucha

Paradigm shift after the inflation shock?

Jérôme Creel, François Geerolf, Sandrine Levasseur, Xavier Ragot and Francesco Saraceno

Toward a progressive central banker

Louis-Philippe Rochon and Guillaume Vallet

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Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:23502

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