Central Bank Policy: Theory and Practice

Central Bank Policy: Theory and Practice analyses policies and practices adopted by central banks globally, as well as the institutional arrangements underlying the principles of good governance in policymaking.

Discussion focuses on philosophical and conceptual theories that have key implications for central bank policy making and findings are supported by relevant quantitative analyses and case studies reflecting recent issues with respect to centralized financial policy making, including the adoption of the Inflation Targeting Framework in Indonesia.

The book bridges the gap between theory and practice within the central bank policy framework by going beyond the rapidity of theoretical developments to address lesser known and understood policy practices, such as the Flexible Inflation Targeting Framework and macroprudential policy.

With wide ranging scope and in-depth materials presented, alongside the authors' extensive experiences and involvement in the policymaking process at Bank Indonesia,Central Bank Policy is a vital practical tool and reference aid for policymakers, practitioners and academic researchers in the area of financial, banking, and monetary policies.

Perry Warjiyo is currently the Governor of Bank Indonesia. He has an established and distinguished career serving Bank Indonesia since 1984. His contributions are primarily in economic and monetary policy research, international issues, organizational transformation and monetary policy strategies, education and research on central banks, and management of foreign reserves and external debts.;

Solikin M. Juhro is an Executive Director and the Head of Bank Indonesia Institute, Bank Indonesia. In his distinguished career at Bank Indonesia, spanning more than 20 years, he has been extensively involved with monetary economic policy research and analysis, speaking at various national and international conferences, and is an Editor of the Bulletin of Monetary Economics and Banking.