The role of Central Banks in promoting economic stability and building social capital

Please register for this in-person event here

Speakers: Central Bank of Ireland Governor, Gabriel Makhlouf, with panel responses by Professor David Kershaw, Dean LSE Law School, and Professor Alan Dignam, KC Hon, Queen Mary School of Law, and introduction by Professor Niamh Moloney, LSE Law School.

Chair: LSE President and Vice Chancellor, Baroness Minouche Shafik.

Introduction by Professor Niamh Moloney

The event will be followed by a networking reception.

In this lecture Governor of the Central Bank of Ireland, Gabriel Makhlouf, will talk about how central banks can help build social capital by delivering on their price stability mandate. He will highlight how inequality matters for the delivery and effectiveness of central bank policies.  More broadly, he will highlight how a central bank that nurtures social capital requires a strong institutional framework that is designed for the longer term.

Gabriel Makhlouf took up his position as Governor of the Central Bank of Ireland on 1 September 2019. He chairs the Central Bank Commission, is a member of the Governing Council of the European Central Bank, a member of the European Systemic Risk Board, and is Ireland’s Alternate Governor at the International Monetary Fund. Before joining the Central Bank, Gabriel was Secretary to the New Zealand Treasury and the Government’s chief economic and financial adviser from 2011 to 2019. During his time as Secretary, he led reviews of New Zealand’s three macroeconomic pillars (monetary, financial stability and fiscal policy) and the development of a new framework for the development of economic and public policy focused on intergenerational wellbeing. In addition, Gabriel was New Zealand’s Alternate Governor at the World Bank, Asian Infrastructure Investment Bank, Asian Development Bank and the European Bank for Reconstruction and Development. He was also co-chair of the Trans-Tasman Banking Council.