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The Challenges for Central Banking for the Next Years

Author

Listed:
  • Julio Velarde

    (Central Reserve Bank of Peru)

Abstract

This article reflects on the challenges facing central banking in the coming years. First, a set of principles for a successful monetary policy is postulated. Then, the importance of the financial cycle and its relationship with monetary policy is discussed. Finally, we reflect on post-COVID-19 inflation control and future challenges such as fiscal dominance and the creation of digital currencies.

Suggested Citation

  • Julio Velarde, 2022. "The Challenges for Central Banking for the Next Years," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(79), pages 199-205, May.
    • Handle: RePEc:bcr:ensayo:v:1:y:2022:i:79:p:199-205
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    File URL: http://www.bcra.gov.ar/Institucional/DescargaPDF/DownloadPDF.aspx?Id=1047
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    More about this item

    Keywords

    COVID-19; financial cycle; inflation; monetary policy;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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