Getting Global Monetary Policy on Track
0-3
BUSINESS & ECONOMICS
552 Pages, 5.5 x 8.5
Formats: ePub, ebook: PDF, Hardcover
Hardcover, $19.95 (CA $26.95) (US $19.95)
Publication Date: March 2025
ISBN 9780817926649
Overview
How did monetary policy contribute to and react to the global surge of inflation in 2021–23? Where did inflation come from, and why did it decline without a substantial recession? How can central banks and governments avoid inflation? The contributors to this volume cover monetary policies around the world, examining financial regulation; the links between fiscal and monetary policy; the effects of monetary policy on the economy, particularly on labor markets; and challenges for central banks.
Reviews
“This outstanding volume is packed with extremely useful insights from many of the foremost experts serving on the front lines of public policy about the recent performance of central banks and the challenges ahead. It is especially timely.”—Mark G. Duggan, Wayne and Jodi Cooperman Professor of Economics, Stanford University, and former Trione Director, Stanford Institute for Economic Policy Research
“This excellent volume is essential for understanding the recent history of monetary policy and our path forward. Current and former Fed officials and leading academics all offer valuable insight into the consequential policy questions raised by the events of the last three years. Highly recommended.”
—Randal Quarles, chairman and founder, Cynosure Group, and former vice chairman of the Federal Reserve System
“The Hoover monetary policy series is a ‘must read’ for all academics, central bankers, and market professionals who are looking for in-depth analysis together with a broad perspective on global monetary policy before, during, and after the surge of inflation.”
—Volker Wieland, Endowed Chair of Monetary Economics and managing director, Institute for Monetary and Financial Stability, Goethe University, Frankfurt
Author Biography
Michael D. Bordo is a distinguished visiting fellow at the Hoover Institution and a Board of Governors Professor of Economics at Rutgers University, where he directs the Center for Monetary and Financial History.
John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, where he directs the Introductory Economics Center.
John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution, a research associate of the National Bureau of Economic Research, and an adjunct scholar of the Cato Institute.
