Central Banking in Theory and Practice [NOOK Book]

Overview

Alan S. Blinder offers the dual perspective of a leading academic macroeconomist who served a stint as Vice-Chairman of the Federal Reserve Board--one who practiced what he had long preached and then returned to academia to write about it. He tells central bankers how they might better incorporate academic knowledge and thinking into the conduct of monetary policy, and he 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 ...
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Central Banking in Theory and Practice

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Overview

Alan S. Blinder offers the dual perspective of a leading academic macroeconomist who served a stint as Vice-Chairman of the Federal Reserve Board--one who practiced what he had long preached and then returned to academia to write about it. He tells central bankers how they might better incorporate academic knowledge and thinking into the conduct of monetary policy, and he 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, this readable book deals succinctly, in a nontechnical manner, with a wide variety of issues in monetary policy. 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."
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What People Are Saying

From the Publisher
"This brief exposé of central banking and monetarypolicy... should be required reading for all those, specialists andnonspecialists alike, interested in those subjects."Manuel Guitián , Finance and Development
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Product Details

  • ISBN-13: 9780262260466
  • Publisher: MIT Press
  • Publication date: 1/7/1999
  • Series: Lionel Robbins Lectures
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 112
  • Sales rank: 1,185,295
  • File size: 243 KB

Meet the Author

Alan S. Blinder is G. S. Rentschler Memorial Professor of Economics and Public Affairs atPrinceton University. He is the author of The Quiet Revolution: Central Banking GoesModern and other books.

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Table of Contents

Foreword
Preface
1 Targets, Instruments, and All That 1
2 Choosing and Using a Monetary Policy Instrument 25
3 Central Bank Independence 53
Notes 77
References 83
Index 89
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