The politics of monetary policy – with Helen Thompson

Macro Bytes · Jul 12, 2022 · 25m

In the second of a two part special, Luke Bartholomew and Paul Diggle are joined by Professor Helen Thompson, Professor of Political Economy at Cambridge University, and author of the recent book Disorder: Hard Times in the 21st Century. In this episode they discuss monetary policy, including the geopolitical and democratic consequences of US monetary hegemony, the future of central bank independence, and the likelihood of a recession.

The key takeaways are:

· Both the Great Moderation period of strong growth and low inflation, and the New Normal period of weak growth and low inflation were…