Yi Gang, governor of the People’s Bank of China, arrives for the European Union-China high-level economic dialogue at the Diaoyutai State Guesthouse in Beijing, China, on June 25, 2018. With its centrally planned economy, China could ensure closer integration between monetary policy and government objectives. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Should central banks be revamping their monetary policy frameworks and liaising more with governments?

  • With the trade war threatening already slowing global growth, it could be time for central banks to synchronise their efforts more closely with government fiscal goals
  • While crossing the line separating government and central banks might be harder in advanced economies, China may be better placed to do so

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Yi Gang, governor of the People’s Bank of China, arrives for the European Union-China high-level economic dialogue at the Diaoyutai State Guesthouse in Beijing, China, on June 25, 2018. With its centrally planned economy, China could ensure closer integration between monetary policy and government objectives. Photo: Reuters
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