Technocrats in Turmoil
The Fed, the ECB, and the Changing Politics of Money
Book •
Nicolas Jabko examines the role of the Fed and the ECB as central actors in a technocratic form of neoliberalism centered on independent central banks and low inflation.
He traces their rise as allies of conservative and market forces in the 1980s, the transformations after the 2008 financial crisis, and their responses to the COVID-19 pandemic.
The book analyses conflicts inside central banks, debates in the economics profession, and relations between technocrats and politicians.
Jabko argues that central banks’ shift away from strict disinflationary policies contributed to the waning of technocratic neoliberalism and increased politicization of monetary policy.
He explores the democratic implications of technocratic power and how shifting alliances will shape future economic governance.
He traces their rise as allies of conservative and market forces in the 1980s, the transformations after the 2008 financial crisis, and their responses to the COVID-19 pandemic.
The book analyses conflicts inside central banks, debates in the economics profession, and relations between technocrats and politicians.
Jabko argues that central banks’ shift away from strict disinflationary policies contributed to the waning of technocratic neoliberalism and increased politicization of monetary policy.
He explores the democratic implications of technocratic power and how shifting alliances will shape future economic governance.
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#1226 Nicolas Jabko - Technocrats in Turmoil: The Fed, the ECB, and the Changing Politics of Money
