01640nam a2200205   4500999001900000008004100019100002700060245008900087260002800176300002800204520091600232650002501148650002901173700003201202700003501234773002701269906002301296942001201319952010301331  c512652d512652191205b           ||||| |||| 00| 0 eng d  aJohnson, Juliet914288  aAdding rooms onto a house we love: Central banking after the global financial crisis  bPublic Administratiaon   a97(3), 2019: p.546-560.  aThis 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.  aCentral banks914289  aFinancial crises 914290  aAel-Bundock, Vincent914291  aPortniaguine, Vladislav914292  aPublic Administration   aBanks and banking   2ddccAR  00102ddc40709386703aIIPAbIIPAd2019-12-05h97(3), 2019: p.546-560.pAR121994r2019-12-05yAR