Otmar Issing

Otmar Issing

Otmar Issing, a former chief economist and member of the board of the European Central Bank, is Honorary President of the Center for Financial Studies at Goethe University, Frankfurt.

How Central Banks Jeopardised Their Independence

By expanding their own understanding of their mandate, monetary authorities became caught up in fiscal policy and triggered inflation, precisely what central-bank independence is intended to avert.

Otmar Issing

July 29, 2025 at 4:12 PM IST

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