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Prof. Aseem Prakash and Grad Student Sandra Ahmadi on FP Insider Access: "Autocrats Are Exploiting COVID-19 to Weaken Central Bank Independence"

Submitted by Albert Sub Yun on January 19, 2022 - 10:12am

Professor Aseem Prakash and Graduate Student Sandra Ahmadi write on an ongoing issue of backtracking caused by the pandemic.

"A new policy consensus emerged, arguing stable, low inflation fosters economic growth. Because politicians might still be tempted to boost short-term economic growth through loose money policies, many argued independent and technocratically managed central banks were necessary to deliver low inflation."

Read more on how the pandemic-caused economic crisis may affect countries such as China and Turkey.

Link to the full article here.