Mark Carney served as the governor of the Bank of Canada from 2008 until 2013, and as the governor of the Bank of England from 2013 to 2020. Mark also was the chairman of the Financial Stability Board from 2011 to 2018. Mark is currently the Vice Chairman and Head of Impact Investing at Brookfield Asset Management, as well as a UN Special Envoy for Climate Action and Finance. Mark joins David on Macro Musings to discuss his new book *Value(s): Building a Better World for All*, as well as his career in central banking. Specifically, they discuss Mark’s experience at the Bank of Canada during the Great Recession, nominal GDP targeting and average inflation targeting as central bank frameworks, the future of central bank digital currencies, dollar dominance and the shadow banking system, the role of central banks and the financial sector in combating climate change, and much more.

 

Transcript for the episode can be found here.

 

Mark’s Twitter: @MarkJCarney

Mark’s Brookfield profile: https://www.brookfield.com/about-us/leadership/mark-carney

 

Related Links:

 

*Value(s): Building A Better World For All* by Mark Carney

https://www.penguinrandomhouse.ca/books/669023/values-by-mark-carney/9780771051555

 

*The Growing Challenges for Monetary Policy in the Current International Monetary and Financial System* by Mark Carney (speech given at Jackson Hole Symposium 2019)

https://www.bankofengland.co.uk/-/media/boe/files/speech/2019/the-growing-challenges-for-monetary-policy-speech-by-mark-carney.pdf

 

David’s blog: macromarketmusings.blogspot.com

David’s Twitter: @DavidBeckworth