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Central Banking in Theory and Practice #2020

Central Banking in Theory and Practice Based on the Lionel Robbins Lectures this book deals succinctly in a nontechnical manner with a wide variety of issues in monetary policy including the goals of monetary policy the choice of

  • Title: Central Banking in Theory and Practice
  • Author: Alan S. Blinder
  • ISBN: 9780262522601
  • Page: 341
  • Format: Paperback
  • Central Banking in Theory and Practice By Alan S. Blinder, Based on the 1996 Lionel Robbins Lectures, this book deals succinctly, in a nontechnical manner, with a wide 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 of inflationary bias, central bank credibility, arguments for and againsBased on the 1996 Lionel Robbins Lectures, this book deals succinctly, in a nontechnical manner, with a wide 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 of inflationary bias, central bank credibility, 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 an academic economist and a practicing policymaker calling attention to the differences and similarities of perspective along the way.

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      341 Alan S. Blinder
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      Posted by:Alan S. Blinder
      Published :2020-02-07T19:33:22+00:00

    1 thought on “Central Banking in Theory and Practice

    1. Three lectures on central banking by a former vice chairman of the FOMC, and Princeton economics professor I read this in my continuing desire to understand central bank policies a little bit better Lecture one is on targeting and problems w regard to targeting, whether the Fed should try to prevent crises, whether it can, targeting methods, the problems with the macroeconomic models and model uncertainty Blinder argues that academics and all of us need to understand the committee nature of the [...]

    2. I had expected that this pamphlet would be a museum piece given how much the conventional wisdom on monetary policy has shifted over the past decade However, I found this to be a useful short meditation on central banking that is still extremely relevant today Among the themes he discussed central bank independence from politicians and markets managing the tradeoff between employment and inflation rules vs discretion and the instruments of monetary policy Quantitative easing may have changed the [...]

    3. Central Banking in Theory and Practice is a collection of three lectures by former Vice Chairman of the Federal Reserve Board and current Princeton economist Alan S Blinder It s a great overview of central banking, but it assumes a certain familiarity with economics and monetary policy it s not a layman s book Still, it s not impenetrable, and readers willing to put in some effort will likely find that they learn something about what is likely one of the most opaque parts of government.

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