Mark Carney: The spectre of monetarism

Text of the Roscoe Lecture by Mr Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board, John Moores University, Liverpool, 5 December 2016.

The Governor discusses the role of monetary policy in the midst of a technological revolution, and the underlying causes and consequences of weak real income growth and inequality. He sets out a way forward with three priorities for managing the forces of innovation and globalisation so that they work for everybody, and concludes on the current outlook for monetary policy.