Book contents
- Reconsidering Central Bank Independence
- Reconsidering Central Bank Independence
- Copyright page
- Contents
- Illustrations
- Preface
- Acknowledgements
- Abbreviations
- Part I The Theoretical Foundations
- Part II Balance Sheet Operations in Different Times and CBI
- 4 Central Banks and the Great Moderation
- 5 Monetary Policy Response to the Financial Crisis
- 6 Balance Sheet Policies and CBI
- Part III The Political Economy of CBI in the Real Economy
- References
- Index
4 - Central Banks and the Great Moderation
from Part II - Balance Sheet Operations in Different Times and CBI
Published online by Cambridge University Press: 25 April 2024
Book contents
- Reconsidering Central Bank Independence
- Reconsidering Central Bank Independence
- Copyright page
- Contents
- Illustrations
- Preface
- Acknowledgements
- Abbreviations
- Part I The Theoretical Foundations
- Part II Balance Sheet Operations in Different Times and CBI
- 4 Central Banks and the Great Moderation
- 5 Monetary Policy Response to the Financial Crisis
- 6 Balance Sheet Policies and CBI
- Part III The Political Economy of CBI in the Real Economy
- References
- Index
Summary
Chapter 4 is dedicated to the more recent history of monetary policy in the period labelled Great Moderation. We focus on the Federal Reserve Board (Fed), the Bank of England (BoE) the Bundesbank and its successor, the European Central Bank as well as on the South African Reserve Bank (SARB), which offers an interesting and contrasting perspective.
Keywords
- Type
- Chapter
- Information
- Reconsidering Central Bank Independence , pp. 73 - 86Publisher: Cambridge University PressPrint publication year: 2024