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]]>Yeah, it is a very interesting issue. Like you, I’m also on the side of separating. 🙂
]]>Beyond transparency, removing some of the ability for political gain over public benefit is the reason. When each is evaluated according to its own merits, game playing is reduced, and the public’s likelihood of being used as a pawn diminishes.
]]>No. They do both separately under the same roof now – they just need to be more explicit about the difference between the two. Otherwise we get mixed signals.
We don’t necessarily even need two separate institutions in a country as small as NZ – as long as we have clear and transparent operational separation. Of course, we don’t have that now – which is why we get talk of “financial stability” in monetary policy meetings …
]]>RBNZ did a pretty good job of doing both at once?
cheers
Bernard