ESSAYS AND CONVERSATIONS ON MONETARY POLICY II

"In the first part of this book, with the support of solid theoretical fundamentals and the critical spirit of an analyst with a global economic perspective, José Júlio Senna examines different aspects of the financial crisis and offers us a lengthy discussion of the state of the world economy in the post-crisis period. In particular, he focuses on issues related to the appearance of deflationary forces in the developed world and on the reasons why economic recovery has been so sluggish. The cha llenges posed to those in charge of monetary policy by the new economic and financial environment receive permanent attention, particularly regarding the Fed. The second part of the book consists of four interviews conducted by Senna with four distin guished specialists on monetary policy. Those are quite interesting conversations, covering several issues discussed in the author?s essays. Timely and intriguing, this book is a must-read for those who want to understand the main challenges faced by the world economy today." - Affonso Celso Pastore A. C. Pastore & Associados. Former president of the Banco Central.