21st Century Monetary Policy by Ben S. Bernanke

Bernanke masterfully examines how the Feds policies-and the. Please note: This is a companion version & not the original book. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.īeyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution. Bernanke-former chair of the Federal Reserve and one of the worlds leading economists-explains the Feds. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. Bernanke-former chair of the Federal Reserve and one of the world’s leading economists-explains the Fed’s evolution and speculates on its future. These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. Chair Jerome Powell and his colleagues lent directly to U.S. In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S.

21st Century Monetary Policy by Ben S. Bernanke