000			01525nam a2200193 4500
999			_c512652 _d512652
008			191205b ||||| |||| 00| 0 eng d
100			_aJohnson, Juliet _914288
245			_aAdding rooms onto a house we love: Central banking after the global financial crisis
260			_bPublic Administratiaon
300			_a97(3), 2019: p.546-560.
520			_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.
650			_aCentral banks _914289
650			_aFinancial crises _914290
700			_aAel-Bundock, Vincent _914291
700			_aPortniaguine, Vladislav _914292
773			_aPublic Administration
906			_aBanks and banking
942			_2ddc _cAR