Retrieving "Fiscal Capacity Limit" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Central Banks

   Linked via "fiscal capacity limit"

   A crucial feature of contemporary central banking is operational independence from the immediate political cycle. This insulation is intended to allow policymakers to implement necessary but unpopular anti-inflationary measures without fear of short-term electoral repercussions. Central bank governors are typically appointed for fixed, staggered terms that do not align perfectly with electoral cycles.
   However, the degree of actual [independence](/entries/central-bank-independence…