Elliott School of International Affairs
Book Talk: Technocrats in Turmoil
About this Event
About this Event As the economy became more financialized, the politics of money considerably changed after the late 1970s. American and European central bankers first allied with conservative forces to fight inflation in the 1980s; then, that alliance unravelled after the 2008 financial crisis. Many observers gloss over this change because they see central bankers either as stewards of financialization, or as economists dedicated to economic stability. Nicolas Jabko shows how changing alliances between central bankers, economists, and politicians led to momentous shifts in monetary regimes. He argues that central bankers are technocrats who navigate and powerfully shape three overlapping arenas – their own internal monetary policy committees; the economics profession;…
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