A comprehensive user's guide to monetary policy ... a noble endeavour to improve understanding of the "dark art", to gather all the strands together so that this book is one that both practitioners and non-practitioners alike can benefit from. While central bankers will find it a valuable resource, academics will find it a useful work of reference and it should become a requisite handbook for students of central banking ... It is his [Bofinger's] blend of analysis of institutional practice within a theoretical framework that makes his book so useful. Central Banking Journal This book is a must for those who are concerned deeply with monetary policy, whether it is an academic or practitioner interest. Financial Times Deutschland
