Elements of Effective Central Banking: Theory, Practice, and History
AbstractThe key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a revolutionary period in which the world emerged from great inflation and output instability into a period of remarkably low inflation associated with a great moderation in the volatility of employment and output. How the mistakes and subsequent successes of the last quarter century of monetary history in the United States helped to shape monetary policy practice for the better are explained. [Foundation Day Lecture (to commemorate the Silver Jubliee of RBI Archives)].
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:1245.
Date of creation: Oct 2007
Date of revision:
Note: Institutional Papers
Contact details of provider:
Web page: http://www.esocialsciences.org
expectations theory; communication; transparency; Great Depression; recession; Keynes; price stability; RBI; volatality; employment; central banking; monetary history; policy; inflation; output instability; United States; macro economic; history; unemployment; disinflation; deflationary forces; economists; disinflation; foreign exchange policy; psychology; liquidity; gold exchange standard;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash).
If references are entirely missing, you can add them using this form.