A Comparative History of Central Bank Behavior

Download or read book A Comparative History of Central Bank Behavior written by John H. Wood and published by Edward Elgar Publishing. This book was released on 2022-11-15 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely believed that central banks have grown (the Bank of England) or were established (the Federal Reserve) to pursue the twin objectives of monetary and price stability. But why should they? Central bankers are people, too, whose behavior is presumably determined, like the rest of us, by their incentives and the information available to them. The author explores this question.