En este artículo analizamos por qué los papeles cambiantes y crecientes de los bancos centrales independientes requieren una reconsideración de su mandato.
Referencias bibliográficas
Aikman, D., y Barwell, R. (2022). Reactions to the Bank of England’s gilt market operation. Macroprudential Matters. Recuperado de: https://...
Allen, W. (2022). Models of Central Banking and the Organisation of the Bank of England (NIESR policy Paper, 38). Londres: National Institute...
BCE (2022). Targeted longer-term refinancing operations (TLTROS). Recuperado de: https://www.ecb.europa.eu/mopo/implement/omo/tltro/html/index.en.html
BCE (2025). Climate change and the ECB. Recuperado de: https://www.ecb.europa.eu/ecb/climate/html/index.en.html
Barro, R. J., y Gordon, D. B. (1983). Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics, 12(1),...
Bernanke, B. S. (2022). 21st Century Monetary Policy. Nueva York: W.W. Norton & Company.
Bernoth, K., Dietz, S., Ider, G., y Lastra, R. (2022). The ECB’s Transmission Protection Instrument: A Legal & Economic Analysis (Monetary...
Biondi, Y. (2018). The financial sustainability conundrum in central government. Accounting, Economics, and Law: Convivium, 8(3), 20180003.
Blanchard, O. (2019, 4 de enero). Public debt and low interest rates. Presidential address to the American Economic Association. Recuperado...
Blanchard, O. J., Cherrier, B., Clerc, P., Laidler, D. E. W., Orphanides, A., y Tautwein, H. M. (2022). Monetary non-neutrality and stabilization...
Borio, C., Hofmann, B., y Zakrajsek, E. (2023). Does Money Help Explain the Recent Inflation Surge? (BIS Bulletin, 67). Banco de Pagos Internacionales....
Carney, M. (2015, 29 de septiembre). Breaking the Tragedy of the Horizon— Climate Change and Financial Stability (discurso). Londres: Bank...
Dabrowski, M. (2021). Two major economic crises in the early twenty-first century and their impact on central bank independence. Accounting,...
Economic Affairs Committee (2021, 16 de julio). Quantitative Easing: A Dangerous Addiction? (HL Paper 42). Londres: House of Lords. Recuperado...
Financial Times (2023, 16 de enero). Central banks have varying roles in climate change. Financial Times. Recuperado de: https://www.ft.com/content/30da304d-5a82-439c-b767-3ed6dec6f8c0
Goodhart, C. A. E. (s. f.). Is inflation here to stay? World Finance. Recuperado de: https://www.worldfinance.com/strategy/is-inflation-here-to-stay
Goodhart, C. A. E. (2010). The political economy of inflation targets: New Zealand and the UK. En R. Leeson (ed.), Canadian Policy Debates...
Grauwe, P. de, y Polan, M. (2005). Is inflation always and everywhere a monetary phenomenon? The Scandinavian Journal of Economics, 107(2),...
Hinge, D. (2022, 26 de octubre). Christopher Sims on modelling the inflation surge. Central Banking. Recuperado de: https://www.centralbanking.com/central-banks/monetary-policy/7953483/christopher-sims-onmodelling-the-inflation-surge
King, M. (2009). Speech. Bank of England. Recuperado de: https://www.bankofengland.co.uk/-/media/boe/files/speech/2009/mervyn-king-tocbi-dinner
Kydland, F. E., y Prescott, E. C. (1977). Rules rather than discretion: The inconsistency of optimal plans. Journal of Political Economy,...
Lastra, R. M., Skinner, C. P. (2023). Sustainable central banking. Virginia Journal of International Law, 63(3), 397-446.
Lucas, R. E., y Sargent, T. J. (1981). Rational Expectations and Econometric Practice (vol. 1). Minnesota: University of Minnesota Press....
Moutot, P. (2020). Independence of central banks: The need for an urgent revamp! Accounting, Economics, and Law: A Convivium, 13(2), 133-167....
Muth, J. F. (1961). Rational expectations and the theory of price movements. Econometrica, 29(3), 315-335. Recuperado de: https://doi.org/10.2307/1909635
Nordhaus, W. D. (1975). The political business cycle. The Review of Economic Studies, 42(2), 169-190. Recuperado de: https://doi.org/10.2307/2296528
Nordhaus, W. D., Alesina, A., y Schultze, C. L. (1989). Alternative approaches to the political business cycle. Brookings Papers on Economic...
Panetta, F. (2022, 25 de mayo). Normalising Monetary Policy in Non-Normal Times (ECB speech). Banco Central Europeo. Recuperado de: https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220525~eef274e856.en.html
Papadia, F., y Cadamuro, L. (2021, 4 de noviembre). Does Money Growth Tell Us Anything about Inflation? (Bruegel Working Paper, Issue 11)....
Reinhart, C., y Graf von Luckner, L. (2022). The return of global inflation. World Bank Blogs. Recuperado de: https://blogs.worldbank.org/voices/return-global-inflation
Rogoff, K. (1985). The optimal degree of commitment to an intermediate target. Quarterly Journal of Economics, 100(4), 1169-1189. Recuperado...
Rogoff, K. (2007). Impact of globalization on monetary policy. En Federal Reserve Bank of Kansas City, Proceedings of the New Economic Geography:...
Singleton, J., Grimes, A., Hawke, G., y Holmes, S. F. (2006). Innovation and Independence: The Reserve Bank of New Zealand, 1973-2002. Auckland:...
Taleb, N. (2011). The Black Swan: The Impact of the Highly Improbable. Londres: Allen Lane.
Tucker, P. (2019). Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. Princeton: Princeton University...