Comments on: Central Banking in Theory and Practice http://www.taxbanking.com/central-banking-in-theory-and-practice.html Personal Tax and Financial Banking Wed, 06 Apr 2011 22:58:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Pedro Voltaire http://www.taxbanking.com/central-banking-in-theory-and-practice.html/comment-page-1#comment-2540 Pedro Voltaire Tue, 22 Jun 2010 16:50:20 +0000 http://www.taxbanking.com/central-banking-in-theory-and-practice.html#comment-2540 Mr R. S. Ritterman (San Mateo, CA) beat me to it... I had logged on to describe just how clear and understandable (not to mention brilliant and profound) this book is. Case in point: instead of simply telling us in words how central bankers evaluate their objectives before making policy decisions, Mr Blinder uses beautifully contructed clever-clogs math to make his point concise. Greenspan gets all the credit, but I assure you it was Blinder who was the real brains behind the operation. I thought about deducting one star because they didn't get the fed funds rate right - by his own admission - in 1990, but I couldn't bring myself to do it. <br /> <br />Students of philosophy will be talking about this gem for hundreds of years. <br /> <br />Verdict: Add to Cart! Rating: 5 / 5 Mr R. S. Ritterman (San Mateo, CA) beat me to it… I had logged on to describe just how clear and understandable (not to mention brilliant and profound) this book is. Case in point: instead of simply telling us in words how central bankers evaluate their objectives before making policy decisions, Mr Blinder uses beautifully contructed clever-clogs math to make his point concise. Greenspan gets all the credit, but I assure you it was Blinder who was the real brains behind the operation. I thought about deducting one star because they didn’t get the fed funds rate right – by his own admission – in 1990, but I couldn’t bring myself to do it.

Students of philosophy will be talking about this gem for hundreds of years.

Verdict: Add to Cart!
Rating: 5 / 5

]]> By: Angelo Amendolia http://www.taxbanking.com/central-banking-in-theory-and-practice.html/comment-page-1#comment-2539 Angelo Amendolia Tue, 22 Jun 2010 15:39:07 +0000 http://www.taxbanking.com/central-banking-in-theory-and-practice.html#comment-2539 Easy read, gives some insight to one of the former FED staffers. Proves that there is no magic to our money, just gut reaction and formulas. No one really know's what to do Rating: 5 / 5 Easy read, gives some insight to one of the former FED staffers. Proves that there is no magic to our money, just gut reaction and formulas. No one really know’s what to do
Rating: 5 / 5

]]> By: R. Ritterman http://www.taxbanking.com/central-banking-in-theory-and-practice.html/comment-page-1#comment-2538 R. Ritterman Tue, 22 Jun 2010 15:17:34 +0000 http://www.taxbanking.com/central-banking-in-theory-and-practice.html#comment-2538 After having taken Macroeconomic Theory, Alan Blinder's book was extremely clear and understandable. His comments about Central Banking behavior make wonderful sense as he takes into account both academic and real world theaters. He was especially clairvoyant in his reasoning about why a Central Bank needs to establish credibility. A definite recommendation for those interested in the Federal Reserve and what they do. Rating: 5 / 5 After having taken Macroeconomic Theory, Alan Blinder’s book was extremely clear and understandable. His comments about Central Banking behavior make wonderful sense as he takes into account both academic and real world theaters. He was especially clairvoyant in his reasoning about why a Central Bank needs to establish credibility. A definite recommendation for those interested in the Federal Reserve and what they do.
Rating: 5 / 5

]]> By: Anonymous http://www.taxbanking.com/central-banking-in-theory-and-practice.html/comment-page-1#comment-2537 Anonymous Tue, 22 Jun 2010 14:22:35 +0000 http://www.taxbanking.com/central-banking-in-theory-and-practice.html#comment-2537 Nothing fancy, but a good testimony from a real central banker about how real central banking has been carried out in recent US history. It is much less glamorous than all the theories, models and arguments would have it. Logical, sensible and even-tempered, like a central banker. A small book easily read in an evening that brings a lot down to earth. Only four stars because nothing this reasonable deserves five. Rating: 4 / 5 Nothing fancy, but a good testimony from a real central banker about how real central banking has been carried out in recent US history. It is much less glamorous than all the theories, models and arguments would have it. Logical, sensible and even-tempered, like a central banker. A small book easily read in an evening that brings a lot down to earth. Only four stars because nothing this reasonable deserves five.
Rating: 4 / 5

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