Endorsements

'This wonderful book illuminates, entertains, explains and demystifies that most essential but rarely-understood entity, money. Above all, it demonstrates the link between money and the capacity of the state to tackle any collective problems: money fundamentally matters and so, therefore, do its minders in central banks. This book describes how central bankers think about their task, what models and evidence they use to make decisions about interest rates and other tools at their disposal - and also sets out how they should think about it.' Diane Coyle, University of Cambridge

'A book like this has been needed for a long time: a primer on money-credit theory and practice for the interested generalist, which is up to date, informed by theory without drowning in abstraction, engages with the hazards of policy making, and takes institutions seriously.' Paul Tucker, Harvard Kennedy School

'Through a fascinating series of old stories, lessons from economic history, and modern models, the author describes how central banking learned to provide stability in the value of money and financial stability. It is a must read for all students of money matters.' Michael Bordo, Rutgers Economics

'This is a great book for anyone studying monetary economics in the UK. It will be perfect for undergraduates, and even graduates would benefit from it. It covers all the main issues in a clear and accessible style, with a great use of diagrams and appropriate quotations. It provides a good read, and the analysis is well done and sensible throughout.' Charles Goodhart, London School of Economics

Book Reviews

Kate Barker, for the Society of Professional Economists

https://spe.org.uk/reading-room/book-reviews/the-money-minders/

David Marsh, Power, philosophy and heroism of central bankers, August 2022

https://www.omfif.org/2022/08/power-philosophy-and-heroism-of-central-bankers/

Philip Turner, for Central Banking

https://www.centralbanking.com/central-banks/economics/economic-theory/7951866/book-notes-the-money-minders-by-jagjit-s-chadha

Amazon:

https://www.amazon.co.uk/Money-Minders-Parables-Trade-offs-Central/dp/1108971814

Cambridge University Press:

https://www.cambridge.org/gb/academic/subjects/economics/macroeconomics-and-monetary-economics/money-minders-parables-trade-offs-and-lags-central-banking?format=PB

With thanks to my amazing daugher for the cover illustration: https://www.wisebodywellnesscoach.com/