The Rebirth of Modern Central Banking
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Köp båda 2 för 1456 kr"A common theme in the book is the critical role that political and economic institutions can play in shaping a country's inflation experience. The general view is that central banks have been less independent than commonly perceived and that political support for price stability is essential. . . . The thoughtful discussions of the various institutional arrangements and the uneven progress in some countries toward central bank independence are particularly interesting and perhaps the most compelling aspect of the book."-- "Eastern Economic Journal" (4/23/2015 12:00:00 AM) "Regardless of one's views, this volume is essential reading for academics and policymakers and its resonance for the problems that central banks and the fiscal authorities face today is very real."-- "Journal of Economic History" (5/27/2014 12:00:00 AM) Macroeconomists cannot run controlled experiments, but they can do a much better job of identifying and elucidating the extraordinary range of experiments that central banks have delivered. The Great Inflation is a terrific example.-- "EH.net" (12/16/2013 12:00:00 AM)
Michael D. Bordo is professor of economics at Rutgers, the State University of New Jersey, and a research associate of the NBER. Athanasios Orphanides is a senior lecturer at the Massachusetts Institute of Technology's Sloan School of Management and a senior fellow of the Center for Financial Studies at the Goethe University Frankfurt.