At their annual symposium in Jackson Hole, central bankers professed full commitment to fighting inflation, while lamenting that the world has become a much more difficult place for monetary policy-making. There was virtually no critical assessment of how the macroeconomic policies of the past decade contributed to the current problems. To reduce the risk of further macroeconomic problems down the line, we need a more comprehensive assessment of how we got here.Â
 Power, philosophy and heroism of central bankers By David Marsh Who will prevail in the struggle to apportion guilt as some larger industrial countries teeter towards stagflation? A new book by Jagjit Chadha, director of the National Institute of Economics and Social Research, ranges over the broad gamut of central bank policy-making. Â
 MEETINGS Vulnerability in the euro area Monday 12 September, Roundtable Following the latest European Central Bank governing council meeting, Mahmood Pradhan, former deputy director of the European department at the International Monetary Fund discusses the challenges the ECB faces and the instruments at its disposal.Â
 ON DEMAND Why public asset owners are at an inflection point Public asset owners are at an inflection point as traditional investment strategies are challenged by a rapidly changing landscape. Sovereign funds, public pension funds and central banks, which collectively hold over $40tn in assets, need to adapt to an industry in flux to achieve their core goals.Â
 LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
