The Truth About Central Bank Policy

Published on
May 10th, 2019
62 minutes

The Truth About Central Bank Policy

The Larry McDonald Series ·
Featuring Mervyn King

Published on: May 10th, 2019 • Duration: 62 minutes

This unique interview highlights the view from inside the policy establishment, courtesy of someone operating at the highest levels of global monetary policy. Mervyn King, Baron King of Lothbury, was the governor of Bank of England from 2003 to 2013. In this hour-long talk with best-selling author Larry McDonald, King gives critical and pointed commentary on the conduct of central banks. He contextualizes policy in the lead up to the financial crisis, before moving on to a careful examination of today’s monetary policy. Then, looking forward, King homes in on the use of forward guidance as an ‘Achilles Heel’ for the Fed. He also discusses the way in which the political economy of the EU could serve as a trap for the ECB. Filmed on May 3, 2019 in London. Find more information about Larry McDonald’s work at