Last week Charles Goodhart uttered what I called his cry of despair (See RP’s Diary 13/01/13); now it is BOE’s Andy Haldane’s turn. Goodhart has realised that we are running out of monetary policy models – rules or frameworks like inflation targeting (IT) by which central banks steer interest rate policies. He warns of…
» Continue Reading
Written on January 20, 2013 at 6:48 pm, by robert
Comments Off on Regulation at a dead end
Categories: Banking, Homepage, News and Comment, RP's Diary
Tags: Andrew Haldane, Andy Haldane, Bank of England, central banks, Charles Calomiris, economics, Federal reserve bank of Dallas, financial crisis, financial regulation, global financial system, globalization, Goodhart, inflation targeting, Lehman Brothers, monetary policy, Richard Fisher, William Isaac
