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Record Nr. |
UNINA9910451985003321 |
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Autore |
Blinder Alan S |
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Titolo |
The quiet revolution [[electronic resource] ] : central banking goes modern / / Alan S. Blinder ; foreword by Robert J. Shiller |
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Pubbl/distr/stampa |
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New Haven, : Yale University Press, 2004 |
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ISBN |
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1-281-74093-4 |
9786611740931 |
0-300-12750-2 |
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Descrizione fisica |
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1 online resource (1 online resource (xviii, 119 p.) ) : ill |
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Collana |
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Arthur M. Okun memorial lecture series |
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Disciplina |
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Soggetti |
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Banks and banking, Central |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references (p. [109]-114) and index. |
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Nota di contenuto |
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Front matter -- Contents -- Illustrations -- Foreword -- Acknowledgments -- Introduction -- Chapter 1. Through the Looking Glass: Central Bank Transparency -- Chapter 2. Ex Uno Plures: Central Banking by Committee -- Chapter 3. Following the Leader: The Central Bank and the Markets -- Conclusion: Thoroughly Modern Central Banking -- Notes -- Bibliography -- Index |
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Sommario/riassunto |
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Although little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking. Blinder 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 considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these |
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