Professor Sir John Gieve - Inaugural Lecture
17 June 2013
The Politics of Central Banking - Accountability and Independence in a Complex World.
About this video
Sir John Gieve, Former Deputy Governor of the Bank of England gave his Inaugural Lecture in his role of visiting Professor at UCL on 29th May, 2013 in Gustave Tuck Lecture Theatre, UCL .
The authority and independence of Central Banks had probably never been higher than in 2007 when the financial crisis derailed the Western economy. Five years on they have emerged with additional powers and with their independence confirmed and it is governments which take the flak for languishing economies. Have we got the balance of powers and responsibilities between Banks and Governments right? In a world where inflation targeting has come under question and new economic policies are being developed, what sort of Central Bank independence is appropriate and possible?