... Financialization, Rentier Interests, and Central Bank Policy Gerald Epstein Department of Economics and Political Economy Research Institute (PERI) University of Massachusetts, Amherst ... banks as “contested terrains” of class and intra-class conflict over the distribution of income and power in the macroeconomy (Epstein and Schor, 1990a, 1990b, and Epstein, 1992). We analyzed ... industry and finance were highly divided, as they often were in the UK and the US, central bank independence often served to keep monetary policy out of the hands of industrial capital as well (Epstein...