Introduction: the new political economy of central banks: reluctant Atlases?
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
After gaining independence from political authorities, the past decades, central banks in most of the Global North and some in the Global South have taken on additional goals, acquiring unprecedented powers, many of them in response to crises and a lack of forceful action by the political authorities. Central banks have also been confronted with new issues, such as the greening of the economy and digital finance. They have rediscovered ‘old’ roles – i.e. acting as lender of last resort, overseeing payment systems, supervising banks, issuing currencies (in a digital format) – and have taken on new roles. These roles include: ‘crisis managers’ of first resort, backstopping banks, non-banks, states and fellow central banks; ‘recession fighters’ of second resort as well as ‘quasi’ fiscal authorities; supporters of the green and digital transition; ‘sui generis diplomats’ fostering international cooperation, while behaving as hesitant ‘geoeconomic actors’ in an increasingly geopoliticised world. In the ‘new political economy of central banking’, these institutions can be seen as ‘reluctant Atlases’, at times, suffering from a lack of connection to central fiscal authorities (experiencing ‘loneliness’) and goal overstretching. Recent geopolitical turmoil presents new challenges to the liberal international order to which central banks are still seeking to respond.
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Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.000 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.002 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it