This book provides an in-depth description and analysis of monetary policy in Europe and the United States. Unusually for a volume in the field, it focuses on actual monetary policy - targets, institutions, strategies, and instruments - but traditional and contemporary theoretical approaches to monetary policy form the basis for each chapter. Concentrating specifically on the European Central Bank, "Monetary Policy" offers one of the first comprehensive guides to
understanding the targets, strategy, and instruments of the ECB.
In the past, many books have presented mere descriptions of the institutional framework without providing a theoretical framework, while others have dealt mainly with theoretical aspects, thus neglecting the policy implications of their analysis. By combining a theoretical with a policy-oriented approach, Peter Bofinger succeeds in closing this gap in the monetary policy literature. As a result, his book will appeal to a broad readership, including investment bankers and other professional
investors, central bankers, and scholars working in the field.
Publisher: Oxford University Press
Number of pages: 476
Weight: 807 g
Dimensions: 243 x 165 x 30 mm
A comprehensive user's guide to monetary policy ... a noble endeavour to improve understanding of the "dark art", to gather all the strands together so that this book is one that both practitioners and non-practitioners alike can benefit from. While central bankers will find it a valuable resource, academics will find it a useful work of reference and it should become a requisite handbook for students of central banking ... It is his [Bofinger's] blend of analysis
of institutional practice within a theoretical framework that makes his book so useful. * Central Banking Journal *
This book is a must for those who are concerned deeply with monetary policy, whether it is an academic or practitioner interest. * Financial Times Deutschland *