a column by Simone Arrigoni, Roland Beck, Michele Ca' Zorzi and Livio Stracca for VOX: CEPR’s Policy Portal
Governments are increasingly confronted with the task of preserving the positive effects of increased global integration while also managing their manifold side effects.
This column looks at the effects of globalisation on inflation and financial stability and the role for central banks.
It concludes that central banks are far from immune from the forces of globalisation and should continue to evolve and reassess their role and instruments in a changing world.
Continue reading and see a couple of very interesting graphs.
Labels:
Central_Banks, globalisation, eurozone, monetary_policy,
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