establish a large national bank—what we now call a central bank—that is in a unique position to influence a nation’s money and …

An analysis of the institutional design of the Federal Reserve System, stating that the central bank should be given a …

The primary objective of most of the world's central banks these days is to keep inflation low, and the range of …

An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price … stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize …

A discussion of how higher levels of central bank independence are associated with lower and more stable rates of … inflation and why central bank autonomy is critical in a world where most governments are unwilling to hold themselves publicly …

Monetary policy rules help central banks exercise the discipline necessary to achieve their long-term goals. The type …

Do central banks control the business cycle? Should price stability be their only monetary policy goal? Do politicians … give up a degree of power and gain nothing personally when they grant central banks independence? This Commentary argues … conference on the Origins and Evolution of Central Banking, sponsored by the Central Bank Institute of the Federal Reserve Bank …

One of the world’s foremost economic historians explains the forces behind the development of modern central banks …

the extent to which holding new forms of electronic money eventually could make central banks obsolete, rendering them … story of electronic money holdings, which may be a metaphor for a larger question about the future of central banking. …