Debates on the role of central bank reserves in monetary policy In "Towards monetary policies that do not subsidise banks" published in July 2023 and co-authored with Yuemei Ji, Paul de Grauwe criticizes the prevailing role of central bank reserves in monetary policy. Holding the John Paulson Chair in European Political Economy at the London School of Economics, de Grauwe presented his views on this matter in a lecture at the Bundesbank in September 2023.
Debates on the role of central bank reserves in monetary policy In "Towards monetary policies that do not subsidise banks" published in July 2023 and co-authored with Yuemei Ji Paul de Grauwe criticizes the prevailing role of central bank reserves in monetary policy. Holding the John Paulson Chair in European Political Economy at the London School of Economics, de Grauwe presented his views on this matter in a lecture at the Bundesbank in Septemb,er 2023.