The Art of Central Banking

– “How does the central bank decide on interest rate? Taking all data together and using a formula?”
– “This is art, not science.” (The Governor of the Central Bank of Israel Karnit Flug reveals the secret of monetarism and  economics  of central banking, September  14, 2016)

central-bank

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This entry was posted in Economists quotes on economics and tagged , . Bookmark the permalink.

3 Responses to The Art of Central Banking

  1. vipul vivek says:

    No English version?

    Vipul Vivek

    On 15 Sep 2016 4:20 a.m., “Economic Sociology and Political Economy” wrote:

    > Oleg Komlik posted: “- “How does the central bank decide on interest rate? > Taking all data together and using a formula?” – “This is art, not > science.” (The Governor of the Central Bank of Israel Karnit Flug reveals > the secret of monetarism and economics of central banking” >

  2. Pingback: The trouble with macroeconomics ( a scathing critique by Paul Romer) | Mostly Economics

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