Some may call it independence, others may view it as autonomy; some may want to think of it as a misnomer, others may view it as something deeper in the end which affects a central bank’s operational independence.
However, on the balance of existing theory and empirical evidence, I maintain that an independent central bank focused on price stability, along with structural adjustments, appropriate and sustainable fiscal policies and an enhanced technology ensuring macro-prudential stability offer the most promising path for restoring normal growth conditions and the creation of jobs, which is the ultimate objective.