Independent from who exactly? Central Banks and Democracy (Part 1)

This is the first in a two-part series featuring Leah Downey, political theorist at King’s College London and author of the new book “Our Money: Monetary Policy as if Democracy Matters.” On this part (recorded in May), Mark Blyth and Leah discuss her book, and take a look at the historical evolution of the relationship between independent central banks and democratic politics. In the second part (which will come out next week), Mark and Leah explore how this relationship has changed in the U.S. in the second Trump term, and what it might mean for U.S. monetary policy and U.S. politics going forward. Learn more about and purchase “Our Money: Monetary Policy as if Democracy Matters.” Subscribe to the Rhodes Center Podcast. Transcript coming soon to our website.