Links: 2013-04-18

Here is the second batch of links for today in anticipation of my not writing tomorrow. See you Friday.
Edward
News links for 18 Apr 2013
Are Central Banks Putting Their Independence at Risk? - Real Time Economics - WSJ
"Over the past 20 or so years, central banks have won, cherished and defended their independence from elected politicians. If you want to keep inflation down, they said to the politicians, don’t meddle when we move interest rates up or down. In country after country, the politicians, recognizing that they would tend to want a little more growth now at the cost of a little more inflation later, gave the central bankers their wish. And until the financial crisis hit in 2007, it seemed a very comfortable arrangement.Now some central bankers — and the economists who made th...


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