Central Banking Monetary Theory & Practice

This collection of papers draws together a highly respected group of international academics, central bankers and financial market regulators who cover a broad range of issues in modern monetary economics.

Contents: Preface Introduction A Central Bank Economist 1. No Money, No Inflation - The Role of Money in the Economy 2. Central Bank Independence 3. The Use and Meaning of Words in Central Banking: Inflation, Targeting, Credibility and Transparency 4. The Inflation Forecast and the Loss Function 5. Six Practical Views of Central Bank Transparency 6. The Phases of US Monetary Policy: 1987-2001 7. UK Monetary Policy, 1972-97: A Guide Using Taylor Rules 8. Goodhart's Law: Its Origins, Meaning and Implications for Monetary Policy 9. A Cost of Unified Currency 10. Money and the Monetization of Credit Index