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Central Bank Salaries

By Matthew Yglesias  

"Central Bank Salaries"


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It seems that the law of one price does not apply to central bank chiefs:


The Australia/New Zealand spread is especially dramatic. The convention, I guess, is that you can’t just recruit a central banker from abroad. But considering that Australia and Canada have outperformed the larger economies during this crisis and have low-wage central banks, it seems like someone might want to consider poaching one of those guys to run a bigger economy.

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Harry Potter and the Gains from Trade ›

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