11 April 2018
Central Banks into the Breach
Pierre L Siklos
2017, Oxford University Press, 344 pages,
Reviewer: Dame Kate Barker
The subtitle of this book is ‘From triumph to crisis and the road ahead’ which gives a fair idea of its basic structure. It starts with an account of central bank policy ahead of the Great Financial Crisis, and the prevailing view at the time, which was that monetary policy makers had worked out how to dampen business cycles as well as keeping control of inflation. (Notoriously, the…
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