Money, Monetary Policy and Central Banks: The Meeting of Art and Science

Somewhere in the centre of a space that contains economics, history and politics there is a need for the state to control the value of money. The competence of the government in this field seems to signal something quite important about the capacity of a state to deal with its collective problems. So much so that some consider sound money to be the ultimate public good – supplied by the state but of use to all private agents in their ongoing attempt to make plans for the future hampered by so many types uncertainty. The story of monetary policy making is one that, surprisingly, has not been told anywhere in terms of its basic concepts. Of course, there are financial histories, central banking histories and the daily grind of judgement on whether interest rates are too high or too low which occupies us so fully that many think these judgements are what economists actually do. But there is no clear guide to the principles that structure monetary policy debate. This series of lectures seeks to fill this gap.

Past Lectures In This Series
WATCHED
Part of a series

From Gold to Paper and Back Again

Professor Jagjit Chadha
Thursday, 18 September 2014 - 6:00PM
WATCHED
Part of a series

The Great Depression and its Legacy

Professor Jagjit Chadha
Thursday, 27 November 2014 - 6:00PM
WATCHED
Part of a series

Fine Tuning Out of Control

Professor Jagjit Chadha
Thursday, 5 February 2015 - 6:00PM
WATCHED
Part of a series

The Science of Monetary Policy

Professor Jagjit Chadha
Thursday, 26 March 2015 - 6:00PM
WATCHED
Part of a series

Where the Great Experiment went Wrong

Professor Jagjit Chadha
Thursday, 30 April 2015 - 6:00PM
WATCHED
Part of a series

The New Art of Central Banking

Professor Jagjit Chadha
Thursday, 4 June 2015 - 6:00PM