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 |
