Some articles on central:
... past decade, there has been a trend towards increasing the independence of central banks as a way of improving long-term economic performance ... However, while a large volume of economic research has been done to define the relationship between central bank independence and economic performance, the results are ambiguous ... Advocates of central bank independence argue that a central bank which is too susceptible to political direction or pressure may encourage economic cycles ("boom and bust"), as politicians may be tempted to boost ...
Famous quotes containing the words central and/or independent:
“There is no such thing as a free lunch.”
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cookes America (epilogue, 1973)
“The class of citizens who provide at once their own food and their own raiment, may be viewed as the most truly independent and happy.”
—James Madison (17511836)