Monetary Policy
Preface For Simon Bowmaker Book On The Federal Reserve
The Federal Reserve is the most important central bank in the world, and has been since at least World War 2. My best guess is that it has rarely been regarded by the community of central bankers as the best in the world, in either monetary policy policy or financial stability, but that is partly related to its having been, in the main, a slow innovator, which is almost certainly a good thing given its global importance. When it has rushed reform —- moving ahead of other central banks —- it has not infrequently stumbled, recent examples being the so-called dot plots and the 2020 revisions to its monetary policy strategy, both causes for regret, as some of this book’s interviews make fairly clear. READ MORE
Outlines of a Reform Programme for the UK’s Monetary Regime
Cambridge University Press. READ FULL CHAPTER
Does the ECB Care about Inflation?,
Monetary System Stability as a Precondition for Local and International Order,
Outlines of a Reform Programme for the UK’s Monetary Regime,
The Financial Constitution of European Integration,
Quantitative easing, monetary policy implementation and the public finances,
Select Committee on Economic Affairs, corrected oral evidence: Quantitative Easing,
Understanding how central banks use their balance sheets: A critical categorisation,
Proposed Measures to Address Economic Elements of Current Pandemic Crisis,
Banking: Intermediation or Money Creation,
Central-banking accountability: A conversation with Sir Paul Tucker,
Liquidity Regulation and the Size of the Fed’s Balance Sheet,
Central Banking for a Post-Crisis World: Some Thoughts on Independence,Democracy and Legitimacy,
The Governance of Monetary and Financial Stability Policy,
European finance in the new international monetary and financial system,
Money, Banking, and Financial Markets,
The ECB’s QE: The rule of law, democratic politics and incomplete contracts,
