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The Quiet Revolution
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The Quiet Revolution: Central Banking Goes Modern

Alan Blinder

Abstract

This book argues that, although little noticed, the face of central banking has changed significantly over the past ten to fifteen years. The author, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, although quiet, have been sufficiently profound to constitute a revolution in central banking, and considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now consider ... More

Keywords: central banking, transparency, central bankers, monetary policy, committees, markets

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780300100877
Published to Yale Scholarship Online: October 2013 DOI:10.12987/yale/9780300100877.001.0001

Authors

Affiliations are at time of print publication.

Alan Blinder, author