Monetary policy frameworks in a global context

A new highly recommended book edited by Lavan Mahadeva and Gabriel Sterne has just been published by the Bank of England's Centre for Central Banking Studies.

It must have taken an astonishing amount of work. As well as having some 20 papers by some of theleading experts in central banking, it includes one of the broadest-eversurveys of monetary policy framework characteristics, covering 94 monetarypolicy frameworks. Using comparative analysis it looks at policy targets,institutional

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