I have been a Contributory Editor at Central Banking since 2021 and my opinion pieces can be found here: https://www.centralbanking.com/author/jagjit-chadha
Fiscal dominance: are central banks about to be Trumped?
Jagjit Chadha highlights the danger of an ‘upper bound’ on interest rates as fiscal strains grow
25 Sep 2025
Forecasting and narratives under uncertainty
Jagjit Chadha argues the Bank of England should deploy better analysis as the basis for clear communication under uncertainty
09 Jun 2025
The UK is not suffering another Truss shock
The increase in gilt yields is a long way from the turmoil of 2022, writes Jagjit Chadha. But it does highlight flaws in the use of fiscal rules
13 Jan 2025
Central banks must reckon with the costs of quantitative easing
Asset purchase programmes have become a significant loss-maker for central banks. Jagjit Chadha says the losses raise questions about value for money, fiscal distortions and independence
27 Sep 2024
Taking stock of Bernanke: the original sin of forecasting
Jagjit Chadha says the Bernanke review of forecasting should be the start of a more profound discussion at the Bank of England
15 Apr 2024
Global growth is stalling: what must be done?
Jagjit Chadha says leaders are failing to make a serious attempt to tackle deepening global problems
08 Aug 2023
As the Bank of England struggles to bring inflation down, Jagjit Chadha warns the governor not to let markets take control
28 Jun 2023
Advanced economies face slowdown and stubborn inflation
Jagjit Chadha analyses the shifting outlook for the world economy, with more hard work ahead for central banks
10 May 2023
It is time to rethink the balance of monetary and fiscal policy
Jagjit Chadha says the current moment calls for more subtle policy engineering than in past bouts of high inflation
17 Feb 2023
Inflation offers route to unconventional policy exit
Asset purchases and negative rates can be reversed, but Fed/ECB policy divergence raises major risks
02 Aug 2022
Holding the line: the right response to war and Covid
Jagjit Chadha offers advice to policy-makers struggling to navigate between economic shocks
09 Jun 2022
Picking up the pieces: how to tackle the next phase of the Covid crisis
The global economy is heading into dangerous territory, writes Jagjit Chadha. Central banks must honour their commitments to price stability
08 Feb 2022
Time to stop handing out the pills: the great QE detox
We are facing a serious inflation threat that will test the resolve of central bankers, writes Jagjit Chadha. Central banks must reduce their reliance on QE. But how?
03 Nov 2021