Populism and Central Bank independence

The populist narrative hinges on the feeling of frustration with the current situation. This SUERF Policy Note focuses on financial inequality, populism and central bank independence, shedding light on the relationships between aggrievement in the electorate and large financial inequality, the advancement of populist parties and the risk that myopic policies are going to be adopted. In such a situation a populist policy that promotes a politically controlled central bank that is perceived as a technocratic elite it is more likely to occur.