Trust and public policies
· Agustín Carstens, General Manager of the Bank for International Settlements (International)
Summary written by Dark Majestic in its own words · topics: public finances and debt, development and emerging economies, growth, investment and productivity
AC · Agustín Carstens Wiki · Bank for International Settlements WikiTrust and public policiesContextSpeech at a Banco Central do Brasil conference; the BIS serves central banks worldwide and stresses public trust in their policies.
Why it mattersCarstens links confidence in monetary authorities to fiscal discipline.
Problems raised- Central bank institutional strength must be preserved.
- Fiscal space is limited.
- Supply constraints limit growth.
Solutions proposed- Preserve trust in central banks.
- Use fiscal space to address supply constraints.
- Invest in education, health and infrastructure.
Read full speech on bis.org ↗More from Agustín Carstens · Bank for International Settlements · all speeches
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