The Quiet Revolution: Central Banking Goes Modern: Arthur Okun Memorial Lectures Series
Autor Alan S. Blinderen Limba Engleză Hardback – 11 mar 2004
Although little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton’s Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking.
Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
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Specificații
ISBN-13: 9780300100877
ISBN-10: 0300100876
Pagini: 144
Ilustrații: 6 line figures
Dimensiuni: 140 x 210 x 15 mm
Greutate: 0.33 kg
Ediția:New.
Editura: Yale University Press
Colecția Yale University Press
Seria Arthur Okun Memorial Lectures Series
ISBN-10: 0300100876
Pagini: 144
Ilustrații: 6 line figures
Dimensiuni: 140 x 210 x 15 mm
Greutate: 0.33 kg
Ediția:New.
Editura: Yale University Press
Colecția Yale University Press
Seria Arthur Okun Memorial Lectures Series