[23] See Rustam Jamilov, Social Capital and Monetary Policy (2022), “Social Capital and Monetary Policy”Jamilov argues that secular decline in trust in the US over the past three decades has led to monetary policy being 20 per cent less effective.
[24] The other four indicators are: “Deliver our statutory mandate”, “Respected by our peers”, “Fulfilling workplace for our people”, and “Obtaining value for money and effectiveness in how we work”. You can read more about our 2022-24 strategy here.