Carney: We Are Actors in a Play Written by Others

The video discusses the role and challenges of central banks, particularly the Bank of England, in a deflationary global environment. It highlights the debate on whether central banks should change their mandates to focus on growth or unemployment. The video also explores future economic expectations, including inflation and growth, and examines Mark Carney's legacy as the Governor of the Bank of England, especially in the context of Brexit.

What is the main theme of Mark Carney's quote discussed in the video?

• Central banks should focus solely on inflation.

• Central banks are responsible for political decisions.

• Central banks have absolute power.

• Central banks are merely responding to external factors.

What is the primary remit of the Bank of England as mentioned in the video?

• To control global deflation.

• To ensure political stability.

• To target 2% on CPI.

• To focus on unemployment rates.

What challenge is highlighted regarding the Bank of England's policy settings?

• They have been too strict.

• They have not triggered the desired responses.

• They have ignored inflation targets.

• They have focused too much on growth.

How is Mark Carney perceived in relation to the Bank of England?

• As a political advisor.

• As an insignificant figure.

• As a crucial figurehead.

• As a temporary leader.

What major event is expected to coincide with Mark Carney's departure?

• A global economic boom.

• The UK's exit from the European Union.

• A change in the US presidency.

• The UK's entry into the EU.