03328nam 2200637 a 450 991045198500332120210528032726.01-281-74093-497866117409310-300-12750-210.12987/9780300127508(CKB)1000000000471852(StDuBDS)BDZ0022168078(SSID)ssj0000231749(PQKBManifestationID)11190506(PQKBTitleCode)TC0000231749(PQKBWorkID)10207434(PQKB)11410363(StDuBDS)EDZ0000157713(MiAaPQ)EBC3420034(DE-B1597)484918(OCoLC)1013956720(DE-B1597)9780300127508(Au-PeEL)EBL3420034(CaPaEBR)ebr10170060(CaONFJC)MIL174093(OCoLC)923590043(EXLCZ)99100000000047185220030828d2004 uy 0engur|||||||||||txtccrThe quiet revolution[electronic resource] central banking goes modern /Alan S. Blinder ; foreword by Robert J. ShillerNew Haven Yale University Press20041 online resource (1 online resource (xviii, 119 p.) )illArthur M. Okun memorial lecture seriesBibliographic Level Mode of Issuance: Monograph0-300-10087-6 Includes bibliographical references (p. [109]-114) and index.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 --IndexAlthough 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 changes and their pros and cons.Arthur M. Okun memorial lectures.Banks and banking, CentralElectronic books.Banks and banking, Central.332.1/1Blinder Alan S119789MiAaPQMiAaPQMiAaPQBOOK9910451985003321The quiet revolution2471338UNINA