... from spreading of late regarding central banks. In imagery typical of the preening machismo of financial markets participants and those who report on them, a number of people of late have spoken ... Geoffrey P. (1998). “An Interest-Group Theory of Central Bank Independence.” Journal of Legal Studies, Chicago. 13Posen, Adam (2000). “The Political Economy of Deflationary Monetary Policy, ” ... own, and not necessarily those of the MPC, of the Bank of England, or of PIIE. 3politicians are very anxious that those bonds be bought. The desirable reduction of average inflation outcomes...