The value of trust
6 March 2023 · Agustín Carstens , General Manager of the Bank for International Settlements (International)
Summary written by Dark Majestic in its own words · topics: inflation and price stability
AC 6 Mar 2023 · Agustín Carstens Wiki · Bank for International Settlements Wiki The value of trust Context Acceptance speech for the King of Spain Prize in Economics, received from the King; the BIS serves central banks worldwide and stresses trust in institutions.
Why it matters Carstens argues that credibility is what makes economic institutions work.
Problems raised Economic policy lost some public trust after recent shocks. Stimulus measures risked creating inflation. Institutions need credibility to work. Solutions proposed Build policies on trust and credibility. Keep central banks independent and accountable. Pursue excellence in economic research. Read full speech on bis.org ↗ More from Agustín Carstens · Bank for International Settlements · all speeches
More speeches by Agustín Carstens Other leaders on inflation and price stability
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