Ten papers, and responses to some, comprise the first of two volumes documenting a November 2001 conference at the Bank of England. Research economists and banking professionals from Britain
and the US explore such topics as the role of money in the economy, central bank independence, the inflation forecast and the loss function, the phases of US monetary policy from 1987 to 2001,
British monetary policy from 1972 to 1997, Goodhart’s Law, the cost of unified currency, and money and the monetization of credit. Goodhart himself introduces the anthology with an account of
being a central bank economist. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
