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Title: Central Banking in Theory and Practice (Lionel Robbins Lectures) by Alan S. Blinder ISBN: 0262522608 Publisher: MIT Press Pub. Date: 29 January, 1999 Format: Paperback Volumes: 1 List Price(USD): $15.95

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Average Customer Rating: 4.5

Rating: 5
Summary: Well Done
Comment: 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: 4
Summary: Sensible
Comment: 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.

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