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The Quiet Revolution
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The Quiet Revolution: Central Banking Goes Modern

Alan Blinder


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


Affiliations are at time of print publication.

Alan Blinder, author