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Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monetary economics. Topics discussed include: central bank independence; the meaning of words and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the implications of Goodhart's Law; the benefits of single versus multiple currencies; and money, near...

A guide to the latest theoretical developments in macroprudential policy, the newest tool in central banking policymaking circles.