Central Banking in Theory and Practice (Lionel Robbins Lectures)

by Alan S. Blinder

Book Overview

Alan S. Blinder offers the dual perspective of a leading academic macroeconomist who served a stint as Vice-Chairman of the Federal Reserve Board--one who practiced what he had long preached and then... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0262522608
• Release Date: January 1999
• Publisher: The MIT Press
• Length: 108 Pages
• Weight: 0.35 lbs.
• Dimensions: 8.1" x 0.3" x 5.4"

Customer Reviews

Easy read

Easy read, gives some insight to one of the former FED staffers. Proves that there is no magic to our money, just gut reaction and formulas. No one really know's what to do

the Master Economist at his Finest

Mr R. S. Ritterman (San Mateo, CA) beat me to it... I had logged on to describe just how clear and understandable (not to mention brilliant and profound) this book is. Case in point: instead of simply telling us in words how central bankers evaluate their objectives before making policy decisions, Mr Blinder uses beautifully contructed clever-clogs math to make his point concise. Greenspan gets all the credit, but I assure you it was Blinder who was the real brains behind the operation. I thought about deducting one star because they didn't get the fed funds rate right - by his own admission - in 1990, but I couldn't bring myself to do it. Students of philosophy will be talking about this gem for hundreds of years. Verdict: Add to Cart!

Well Done

After having taken Macroeconomic Theory, Alan Blinder's book was extremely clear and understandable. His comments about Central Banking behavior make wonderful sense as he takes into account both academic and real world theaters. He was especially clairvoyant in his reasoning about why a Central Bank needs to establish credibility. A definite recommendation for those interested in the Federal Reserve and what they do.

Sensible

Nothing fancy, but a good testimony from a real central banker about how real central banking has been carried out in recent US history. It is much less glamorous than all the theories, models and arguments would have it. Logical, sensible and even-tempered, like a central banker. A small book easily read in an evening that brings a lot down to earth. Only four stars because nothing this reasonable deserves five.