What Central Banks Actually Do

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Dr. Nicolas Jabko is a Professor of Political Science at Johns Hopkins University. His published books and articles have focused on European politics and political economy from a comparative and international perspective. His current research interests include central banks and the politics of money, neoliberalism, crisis politics, and sovereignty. His latest book is Technocrats in Turmoil: The Fed, the ECB, and the Changing Politics of Money.

In this episode, we focus on Technocrats in Turmoil. We start by talking about the politics of money, and central banking. We discuss how central banks fought inflation in the 1980s. We talk about economic technocrats, and technocratic neoliberalism. We discuss what changed after the 2008 financial crisis, the role of the Fed and the ECB in the waxing and waning of technocratic neoliberalism, and responses to the COVID-19 pandemic. Finally, we talk about the status of economics and economists in contemporary economic governance, and the implications of technocratic power for democracy.

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