Ahmet Öncü & T.Sabri ÖncüThis article first appeared in the Economic & Political Weekly on 12 November 2022.Monetary Policy Debates in the Age of DeglobalisationThis article is the first in a series of two articles on monetary policy debates in the age in which deglobalisation is a buzzword. The ongoing monetary policy debates of the age will be discussed by focusing on macroprudential measures, capital controls and central bank independence in Part II.IntroductionIn a recent article, Kornprobst and Wallace (2021) defined deglobalisation as a movement towards a less connected world, characterised by powerful nation-states, local solutions, and border controls rather than global institutions, treaties, and free movement. If this is the definition of deglobalisation, then globalisation must

Ahmet Öncü & T.Sabri ÖncüThis article first appeared in the Economic & Political Weekly on 12 November 2022.Monetary Policy Debates in the Age of DeglobalisationThis article is the first in a series of two articles on monetary policy debates in the age in which deglobalisation is a buzzword. The ongoing monetary policy debates of the age will be discussed by focusing on macroprudential measures, capital controls and central bank independence in Part II.IntroductionIn a recent article, Kornprobst and Wallace (2021) defined deglobalisation as a movement towards a less connected world, characterised by powerful nation-states, local solutions, and border controls rather than global institutions, treaties, and free movement. If this is the definition of deglobalisation, then globalisation must