|||"Serious scholarship on central banking has burgeoned in recent years, thanks in no small measure to the authors represented in this timely volume. Because it arrives just as the challenges to central banking are reaching unprecedented heights, every student
Changes in the field of central banking over the past two decades have been nothing short of dramatic. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views and intentions to the markets and the public more generally. There remains considerable diversity nevertheless in the institutional framework affecting central banks, the manner in which the stance of...
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