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Advanced Introduction to Central Banks and Monetary Policy

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Advanced Introduction to Central Banks and Monetary Policy

9781839104886 Edward Elgar Publishing
Jakob de Haan, Professor of Political Economy, University of Groningen, the Netherlands and Christiaan Pattipeilohy, Counsellor to the Executive Board of the European Central Bank
Publication Date: August 2022 ISBN: 978 1 83910 488 6 Extent: c 144 pp
Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.

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Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.

Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.

Key Features:

• Provides a historical overview of the gestation of the Bank of England, the Federal Reserve, and the European Central Bank

• Analyses the processes involved in monetary policymaking, including strategy reviews, policy instruments, and central bank communication, whilst considering financial stability and crisis management

• Concludes with a look towards the future challenges faced by central banks, including the low interest rate environment and the greening of central bank policies

Accessible and informative, this Advanced Introduction will prove a vital resource to students and scholars of economics and finance. It will also prove invaluable to practitioners and policymakers interested in financial sector supervision and regulation in central banks.
Critical Acclaim
‘This concise volume is a stupendous achievement. It distills into a relatively small number of pages a wealth of factual information, and a bit of opinion, about central banking around the world. Invaluable. I plan to pull it off my bookshelf frequently and to assign sections to my students.’
– Alan S. Blinder, Princeton University, US

‘This excellent short book will be a boon to anyone wanting to learn the basics of modern central banking. It is nicely written, with a good use of diagrams and tables, and easily accessible to anyone with a modicum of understanding of macroeconomic and monetary issues.’
– Charles Goodhart, London School of Economics, UK

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