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Policy Papers

Rethinking Central Banking

CIEPR
Date Published: September 2011
Eichengreen, Barry et al.. "Rethinking Central Banking: It’s Time for an Alternative Framework." Brookings Institutions (2011).

Abstract:
Should the framework of inflation targeting be changed in light of the current crisis?



Citation:
Eichengreen, Barry, et al.. Rethinking central banking. Brookings Institution, 2011.
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Committee on International Economic Policy and Reform



Brookings and Alfred P. Sloan Foundation e-Book.

This report was written by The Committee on International Economic Policy and Reform, a non-partisan and non-ideological group of independent experts, comprised of academics and former government and central bank officials. The objective of the group is to analyze global monetary and financial problems, offer systematic analysis and advance reform ideas that would ordinarily not emerge from official processes.The Committee will identify areas in which the global economic architecture should be strengthened and work to develop solutions that attempt to reconcile national interests with broader global interests. It will attempt to offer useful suggestions to national policy makers and international financial institutions and foster public understanding of the key issues in global monetary management and economic governance. In this September 2011 report, the committee lays out a framework for rethinking central banking in light of lessons learned in the lead-up to and aftermath of the global financial crisis.

Committee Members

Barry Eichengreen, University of California, Berkeley
Mohamed El-Erian, PIMCO
Arminio Fraga, Gavea Investimentos
Takatoshi Ito, University of Tokyo
Jean Pisani-Ferry, Bruegel
Eswar Prasad, Cornell University and Brookings Institution
Raghuram Rajan, University of Chicago
Maria Ramos, Absa Group Ltd.
Carmen Reinhart, Peterson Institute for International Economics
Helene Rey, London Business School
Dani Rodrik, Harvard University
Kenneth Rogoff, Harvard University
Hyun Song Shin, Princeton University
Andres Velasco, Harvard University
Beatrice Weder di Mauro, University of Mainz
Yongding Yu, Chinese Academy of Social Sciences
 


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