Central Banks – Central Banking, Fast and Slow (Mohamed A. El-Erian, Project-Syndicate)

As the global economy emerges from the COVID-19 shock, systemically important central banks are faced with the unenviable task of deciding when and how quickly to phase out extraordinary stimulus measures. While there is no easy answer, there are clear criteria for maintaining policy credibility.

Central Banking, Fast and Slow by Mohamed A. El-Erian – Project Syndicate (