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Central Banks into the Breach
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Central Banks into the Breach: From Triumph to Crisis and the Road Ahead

Pierre L. Siklos

Abstract

The book covers the global economy and the various pressures faced by central banks. It also provides some ideas for reforming existing monetary policy strategies. The events of the past fifteen years in monetary policy are essentially the story of two mistakes, one triumph, and the real possibility of another mistake to come. Prior to the global financial crisis, many central bankers were glib about the connection between finance and the real economy. This is partly because the last three decades saw many financial crises with apparently little lasting impact on the global economy. Another mi ... More

Keywords: central banking, monetary policy, unconventional monetary policy, inflation control, global economy, financial stability, inflation, inflation targeting

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780190228835
Published to Oxford Scholarship Online: August 2017 DOI:10.1093/oso/9780190228835.001.0001

Authors

Affiliations are at time of print publication.

Pierre L. Siklos, author
Professor of Economics and Director, Viessmann European Research Centre, Wilfrid Laurier University, Ontario, Canada