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The President of the Philadelphia Federal Reserve Bank from 2006–2015 discusses the Fed's essential role as preserver of the currency's purchasing power and how the institution might be improved to better fulfill that role. To that end, the author proposes the imposition of four limits on the central bank that, by restricting its discretion, can be ...
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Adaptation and Central Banking
SSRN Electronic Journal, 2018What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central
Alexander W. Salter, William J. Luther
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Conservative central banks: how conservative should a central bank be?
Scottish Journal of Political Economy, 2017AbstractUsing Rogoff's, 1985 model, we determine how inflation averse a central banker should be, given the level of volatility and projected output gap in the economy. We confirm a strong degree of conservatism, almost twice what society would have chosen.
Hallett, Andrew Hughes +1 more
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In Vitro, 1981
The National Institute of Allergy and Infectious Diseases is developing, with the American Type Culture Collection, a central facility for the acquisition, maintenance, and distribution of hybridoma cell lines. This effort finds its principal justification in the great activity in this field and in the large variety of hybridoma lines that are produced
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The National Institute of Allergy and Infectious Diseases is developing, with the American Type Culture Collection, a central facility for the acquisition, maintenance, and distribution of hybridoma cell lines. This effort finds its principal justification in the great activity in this field and in the large variety of hybridoma lines that are produced
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2008
Central bank independence refers to the freedom of monetary policymakers from direct political or governmental influence in the conduct of policy.
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Central bank independence refers to the freedom of monetary policymakers from direct political or governmental influence in the conduct of policy.
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Bank Concentration and Central Banks
2009There are two general themes in this chapter. First, a group of sections focuses on the issue of monopoly in banking markets. The relaxation of entry in local markets reduced significantly the measurement and need for regulation of market power. Second, financial stabilization to prevent and resolve banking and financial crises is managed by central ...
Carlos M. Peláez, Carlos A. Peláez
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Recentering central banks: Theorizing state-economy boundaries as central bank effects
Economy and Society, 2022Nathan Coombs, Matthias Thiemann
exaly
Disrupting Central Banking or Shadow Central Banking
Abstract Private entities have recently attempted to invade the realm of central banking. This chapter identifies such activity as ‘shadow central banking’, and draws analogies to the previous emergence of ‘shadow banking’ more generally.openaire +1 more source

