Central Banking in Theory and Practice : The Lionel Robbins Lectures - Alan S. Blinder

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Central Banking in Theory and Practice

By: Alan S. Blinder

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Paperback | 7 January 1999

At a Glance

Paperback
110 Pages

Age
18+

Dimensions(cm)
0.1 x 0.1 x 0.1

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In this text the author tells central bankers how they might better incorporate academic knowledge and thinking into the conduct of monetary policy and tells scholars how they might reorient their research to be more attuned to reality and thus more useful to central bankers. Based on the 1996 Lionel Robbins lectures the book deals, in a non-technical manner, with a variety of issues in monetary policy including the goals of monetary policy, the choice of monetary instrument, the rule-versus-discretion debate, suggested remedies for the alleged problem "inflationary bias", central bank credability, arguments for and against central bank independence and the interplay between the central bank and financial markets. The author examines each issue from the point of view of both academic economist and practicing policymaker and calls attention to the differences and similarities of perspective along the way. The book also includes the author's suggested solution to an age-old problem in monetary theory: what it means for monetary policy to be "neutral".

Industry Reviews

This brief expose of central banking and monetary policy...should be required reading for all those, specialists and nonspecialists alike, interested in those subjects. -- Manuel Guitian * Finance and Development *

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You Can Find This Book In

Non-Fiction Accounting & Finance Finance Banking Economics Macroeconomics Monetary Economics Economic Theory & Philosophy

Foreword	p. ix
Preface	p. xiii
Targets, Instruments, and All That	p. 1
Choosing and Using a Monetary Policy Instrument	p. 25
Central Bank Independence	p. 53
Notes	p. 77
References	p. 83
Index	p. 89
Table of Contents provided by Publisher. All Rights Reserved.

Central Banking in Theory and Practice

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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