Central Banking in the Modern World

Contents: Introduction Part I: The New Consensus 1. The New Consensus on Monetary Policy Seen from a Post-Keynesian Perspective 2. Central Banking, Stability and Macroeconomic Outcomes: A Comparison of New Consensus and Post-Keynesian Monetary Macroeconomics 3. Interest Rate Operating Procedures and Income Distribution 4. Monetary Policy when Money is Endogenous: Going Beyond the 'New Consensus' Part II: Transmission Mechanisms 5. Monetary Dialogue and Dogma at the Bank of Canada: Inside 6. Interest Rate Policy at the Bank of Canada: Setting the Agenda 7. Modern Central Banks Only Have Real Effects 8. Central Banking in the Monetary Circuit 9. Long-term Interest Rates, Liquidity Preference, and the Limits of Central Banking 10. The Role of Monetary Policy in Post-Keynesian Stock-flow Consistent Macroeconomic Growth Models Part III: Historical Perspectives 11. The Effectiveness of Monetary Policy in Open Economy Macroeconomics: Dornbusch versus Tobin 12. Minsky and Tobin on the Instability of a Monetary Economy 13. Considerations on Allan H. Meltzer's History of the Federal Reserve 14. Central Banking in Early Industrialization Index

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