Monetary Policy

'A comprehensive user's guide to monetary policy... a noble endeavour to improve understanding of the 'dark art', to gather all the strands together so that this book is one that both practitioners and non-practitioners alike can benefit from. While central bankers will find it a valuable resource, academics will find it a useful work of reference and it should become a requisite handbook for students of central banking... It is his [Bofinger's] blend of analysis of institutional practice within a theoretical framework that makes his book so useful.' -Central Banking JournalThis book provides an in-depth description and analysis of monetary policy in Europe and the United States. Focusing specifically on the European Central Bank, it offers one of the first comprehensive guides to understanding the targets, strategy, and instruments of the ECB.