The Group of Thirty aims to deepen understanding of international economic and financial issues, and to explore the international repercussions of decisions taken in the public and private sectors. The Group is characterized by its knowledge of the past and broad-minded, forward thinking.
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Kenneth Rogoff: "Is This the Beginning of the End of Central Bank Independence?"
Recent Publications
Banking Conduct and Culture: A Permanent Mindset Change
2018 — This study examines the evolution of conduct and culture in the global banking industry post financial crisis, notes areas of progress, and makes recommendations for the future. Learn more »
Managing the Next Financial Crisis: An Assessment of Emergency Arrangements in the Major Economies
2018 — This study examines the emergency mechanisms and authorities available across the major economies to help manage future financial crises. The study asks whether changes to the mechanisms and authorities made since the 2007-08 global financial crisis have made the major economies safer and more able to address future crises. Learn more »
Member News
G30 Occasional Lecture on Central Bank Independence
April 17, 2019 — During the Group of Thirty’s 2019 Occasional Lecture at the IMF Spring Meetings, Kenneth Rogoff, Professor of Economics and Thomas D. Cabot Professor of Public Policy at Harvard University, expressed concern regarding threats to central bank independence from around the globe. Rogoff discussed future problems for central banks, such as inflation, interest rates near the zero-bound, and central banks’ limited knowledge of fiscal policy. While introducing Dr. Rogoff, Tharman Shanmugaratnam, G30 Chairman and Deputy Prime Minister of Singapore, identified populism as a significant driver of recent political pressure on central bankers; during Q&A, Axel Weber, Chairman of UBS, expressed faith in the continued independence of the Federal Reserve. A recording of the lecture can be found below.