Calls to bolster central bank legitimacy will grow

Criticisms of central banks’ institutional frameworks are growing in line with rising demands for central bank policies

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In this article

  • Only game in town
  • Monetary policy affects income distributions
  • Cannot escape politics
  • Improvisation rules
  • A structure for legitimacy
  • Principles of delegation
  • Design precepts
  • Multi-mission constraint
  • At a minimum

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This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.