Over the past nine months there has been a growing number of articles written about the possibility of a serious deflation in the U.S. Articles have appeared in a wide range of respected business publications... What is extraordinary about virtually all the popular discussions of this topic is...

"In Central Bank Governance and Oversight Reform, the distinguished contributors tackle this and a range of other key questions surrounding the balance of central bank authority with accountability and constraints. They discuss the conflicting public attitudes towards the Fed. The authors...