What do Central Banks do ?
Central banks play a critical role in maintaining the economic stability of a country. Their primary objectives include managing inflation, stabilizing the banking sector, ensuring the value of money, and sometimes, promoting employment. The Debunking Economics podcast with Steve Keen delves into these functions, providing clarity on how central banks operate and their profound impact on the economy. Let’s break down the discussion and analyze the core concepts. This podcast segment also unpacks several aspects of their operations, offering insights into bond markets, interest rates, monetary policy, and the interaction between central banks, private banks, and the real economy. Let’s break down these topics for clarity and depth.
