Why Have Central Banks Misread the Inflation Story? w/ Charles Goodhart скачать в хорошем качестве

Why Have Central Banks Misread the Inflation Story? w/ Charles Goodhart

For many months central bankers have been calling inflation ‘transitory’ and insisting it is only caused by temporary pandemic pressures. Today with CPI inflation at 5.4% there is an increasing acceptance that the Bank of England and other central banks have badly misread the situation and now they are rushing to raise interest rates to prevent a wage price spiral. In this talk, Charles Goodhart speaks about the performance of central banks and why we are in the current state that we are. Charles Goodhart has a long career in public service and academia. He started studying Economics at Cambridge back in the 1950s. In the 1960s he was an Economic Adviser to the short-lived Department of Economic Affairs. After this he became an advisor to the Bank of England on monetary policy and became a Member of the Bank of England’s Monetary Policy Committee in 1997 until 2000. He was also a Professor of Banking and Finance at the London School of Economics for nearly twenty years.