Central Banking in Theory and Practice (Lionel Robbins Lectures) Reviews

September 24, 2011 · Tagged with Finance Tools 

Central Banking in Theory and Practice (Lionel Robbins Lectures)

“This brief exposé of central banking and monetary policy. . .
should be required reading for all those, specialists and nonspecialists
alike, interested in those subjects.” — Manuel Guitián,
Finance and Development

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.”"This brief exposé of central banking and monetary policy. . .
should be required reading for all those, specialists and nonspecialists
alike, interested in those subjects.” — Manuel Guitián,
Finance and Development

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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