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Central bankers are shifting the goalposts on responsibility

Central bankers surely wish for a dynamic global economy. But that is not something that they can influence much.

THE theme of this year's meeting of the world's central bankers in Jackson Hole, Wyoming, had little to do with monetary policy. "Fostering a Dynamic Global Economy" is, of course, an important topic. But it is telling that the European Central Bank (ECB) chose, for its own annual gathering, a...

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