01525nam a2200193 4500 512652 512652 191205b ||||| |||| 00| 0 eng d Johnson, Juliet 14288 Adding rooms onto a house we love: Central banking after the global financial crisis Public Administratiaon 97(3), 2019: p.546-560. This article examines the extent to which central bankers have been willing and able to rethink their beliefs about monetary policy in the wake of the global financial crisis. We show that despite the upheaval, the core pre‐crisis monetary policy paradigm remains relatively intact: central bankers believe that they should primarily pursue price stability through targeting a low inflation rate in a transparent manner, and that they need operational independence in order to achieve this goal. In a bid to address post‐crisis conditions and maintain their credibility, however, central bankers have also layered new elements onto this paradigmatic core. We document both the resilience of pre‐crisis beliefs and the process of layering using computer‐assisted text analysis and qualitative analysis of 13,586 speeches given between 1997 and 2017 by central bankers from around the world. - Reproduced. Central banks 14289 Financial crises 14290 Ael-Bundock, Vincent 14291 Portniaguine, Vladislav 14292 Public Administration Banks and banking ddc AR 0 0 ddc 0 0 386703 IIPA IIPA 2019-12-05 97(3), 2019: p.546-560. AR121994 2019-12-05 AR