Independent Central Bank: The Modern Gold Standard 132.0
The Central Bank of the Philippines struggles for independence An independent central bank is the direct descendant of the gold standard. In fact, it is a very innovative replacement that is fit for our time. The key word here is “independent.” Independence allows central banks to exercise standard monetary policy focused on the value of [...]
Innovators Love a Stable Peso 1 of 3
Note: This post has been re-written in a more accessible and longer style. Please click here for link to Post 132, the better version. An independent central bank is the linear descendant of the gold standard; in fact, its very innovative replacement fit for our time. The operative word here is “independent.” By being independent [...]
Innovation and Independence for RBNZ in Central Banking – 2 of 2
(Start of Part II of II) A critical element in NZís inflation targeting is the separation of roles: monetary policy through the central bank takes care of price stability, i.e. inflation, while fiscal policy through the rest of the government takes care of growth and domestic stability.
