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David Cobham - Experiences of Monetary Policy, Häftad

Häftad, Engelska, 2026

Experiences of Monetary Policy

The First Quarter of the 21st Century

Av David Cobham

899 kr

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Beskrivning
The first quarter of the 21st Century was a difficult period. it covers the last few years of the Great Moderation but then the Global Financial Crisis of 2007-2008, followed by the shocks to the world economy caused by the Covid pandemic and the war in Ukraine. Written by a team of leading economists, Experiences of Monetary Policy provides a wide-ranging perspective on the evolution of monetary policy over this period in response to these developments, in general and with particular reference to some of the world's most important economies - both advanced economies and the emerging economies of China, India, Mexico, South Africa and Türkiye. It analyses what policies worked and what did not, and why. The Afterword includes a discussion on how monetary policy might develop in the future, in the light of the actions of the Trump administration in the US in its first year.
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David Cobham is Emeritus professor in the Department of Economics at Heriot-Watt University, Edinburgh. He has worked at St Andrews and Heriot-Watt universities. He was a Houblon-Norman Fellow at the Bank of England in 1987 and 2001. He is author of The Making of Monetary Policy in the UK, 1975–2000 (2002) and co-editor of books including Twenty Years of Inflation Targeting (2010).

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'This book comes at a great time. Nearly forty years after central banks started to adopt the inflation targeting strategy and were granted independence, it offers overviews of what has happened. Now, however, second thoughts have emerged, partly for wrong reasons, partly because some mistakes have been made. The book offers sketches on what could happen next. This is all extremely useful for central bankers and academics.' Charles Wyplosz, The Graduate Institute, Geneva

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