Why Being Unpopular is Expensive for Countries
Being a country’s central banker is a technical job. But, just like high school, if you are a popular central banker, it pays off. Aditi Sahasrabuddhe is a political scientist at Brown University, and has researched just how much it pays to be popular. It’s the kind of question that the field of economics largely neglects. Aditi looks at central-bank-likeability through the manifestation of swap lines, currency exchanges made available between two economies. These become especially important in a moment of crisis, and a close connection between central bankers can mean the difference between…
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