Central Banking in Theory and Practice
Sep 13, 2013
This seminar will explore the relationship between the theoretical and legal design of central banks and their real-world actions. Questions to be addressed include:
What roles do central banks play according standard macroeconomic models? How accurate are these views?
What role do legal mandates play in the formation of central bank policy?
What does central bank independence mean in practice? How important is independence for effective macroeconomic policymaking?