Book Review: Central Bank Policy: Theory and Practice

Central Bank Transparency and Monetary Policy Effectiveness

The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...

Central Bank Haircut Policy

The paper develops a model to study the optimal choice of the central bank haircut policy. In the presence of uncertainties regrading liquidity needs and asset prices, there is a trade-off between providing liquidity to constrained agents and controlling the abundance of liquidity in the economy. The choice of the haircut involves balancing impacts on the liquidity positions of agents with diff...

Central Bank Independence and Central Bank Conservatism: Theory with an Application to Iran

New monetary literatures widely concentrates on the importance of institutional arrangements in the effectiveness of monetary policy. The debate regarding the optimal institutional design of central banks, independence and conservatism are usually considered to be the most important ingredients for a stable and successful monetary policy. Therefore, the purpose of this study is to deal with the...

Book Review: Juvenile Justice: Advancing Research, Policy and Practice

Book Review – Theory and Practice of Online Learning

When I was asked to review this book for IRRODL, I was hesitant for several reasons. First, it is an awesome challenge to review this comprehensive book, one that covers such a broad range of themes. More problematic, however, were the relations between IRRODL, the book, Athabasca University (AU), and myself. So, the readers should be aware that IRRODL's editor Terry Anderson is one of the book...