Central banking in theory and practice
By: Alan S. Blinder.
Series: The Lionel Robbins lectures
Publisher: MIT Press
Published: 1998
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 92
Subjects: Banks and banking, Central; Banks and banking, Central -- United States; Monetary policy; Monetary policy -- United States
Description: "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 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."--BOOK JACKET.
Notes: Includes bibliographical references (p. [83]-87) and index.