Central Bank Governance and Oversight Reform - Hardcover
A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected czar with sweeping, unaccountable discretionary power. How can we balance the central bank’s authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers’ discussing this and other key questions about the Fed.
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About the Author:
John H. Cochrane is a senior fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center.
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- PublisherHoover Institution Press
- Publication date2016
- ISBN 10 0817919244
- ISBN 13 9780817919245
- BindingHardcover
- Number of pages344
- EditorCochrane John, Taylor John B.
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Book Description First Printing; Hardcover. Condition: New. Dust Jacket Condition: New. First Edition. B&W Illustrations; 8.6 X 5.7 X 1.3 inches; xviii, 326 pages; Hard cover is dark blue with silver lettering on the spine. NEW. DJ. Illustrated with some b/w figures. Conference report. "In Central Bank Governance and Oversight Reform, the distinguished contributors tackle this and a range of other key questions surrounding the balance of central bank authority with accountability and constraints. They discuss the conflicting public attitudes towards the Fed. The authors evaluate recently proposed legislation that would require the Fed to describe its monetary policy rule and, if and when the Fed changed or deviated from its rule, explain the reasons. They apply formal econometric methods to these legislative proposals. In addition they offer a historical perspective on the Federal Reserve, examining whether the Fed's many failures were primarily due to its governance structure or form mistakes in understanding how monetary policy works." Index. Seller Inventory # 12406
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