The Challenges for Central Banking for the Next Years

Authors

  • Julio Velarde Central Reserve Bank of Peru

Keywords:

COVID-19, Financial Cycle, Inflation, Monetary Policy

Abstract

This article reflects on the challenges facing central banking in the coming years. First, a set of principles for a successful monetary policy is postulated. Then, the importance of the financial cycle and its relationship with monetary policy is discussed. Finally, we reflect on post-COVID-19 inflation control and future challenges such as fiscal dominance and the creation of digital currencies.

JEL classification: E52 ; E58

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Published

2022-05-27

How to Cite

Velarde, J. (2022) “The Challenges for Central Banking for the Next Years”, Ensayos Económicos, (79), pp. 199–205. available at: https://bcra.ojs.theke.io/ensayos_economicos_bcra/article/view/88 (accessed: 27 February 2025).

Issue

No. 79 (2022): Ensayos Económicos

Section

Articles