The Oxford handbook of the economics of central banking

The economic influence of central banks has received ever more attention given their centrality during the financial crises that led to the Great Recession, strains in the European Union, and the challenges to the Euro. The Oxford Handbook of the Economics of Central Banking reflects ...

Central banks into the breach

from triumph to crisis and the road ahead

Central banks play an important role in the course of national economies and the global economy. Their leaders are regularly feted or vilified, their policy pronouncements highly anticipated and routinely scrutinized. This is all the more so since the global financial crisis. The past fifteen ...

Challenges in central banking

the current institutional environment and forces affecting monetary policy

Changes in the field of central banking over the past two decades have been nothing short of dramatic. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views ...

Central Bank, communication, decision making, and governance

issues, challenges, and case studies

In recent years central bankers have placed new emphasis on communication with financial markets and the general public. They have done this not only through the traditional channel of monetary policy pronouncements but also by increasing the quantity of information they make public. Yet as ...

Challenges in Central Banking

the current institutional environment and forces affecting monetary policy

Eds. Pierre L. Siklos, Martin T. Bohl, Mark E. Wohar. Changes in the field of central banking over the past two decades have been nothing short of dramatic. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the ...

The economics of deflation

#Deflation may be one of the most daunting policy challenges facing policymakers today. What makes deflation particularly challenging is its multifaceted nature and its newness for the current generation of economists and policymakers. With his extensive knowledge of history and the current debate, Pierre Siklos ...