21st Century Monetary Policy - The Federal Reserve from the Great Inflation to COVID-19

In response to the economic impact of the COVID-19 pandemic, the US Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programmes like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists and ordinary citizens alike.

Twenty-First Century Monetary Policy demystifies these opaque techniques to reveal how economic ideas, historical events and political forces have transformed the Fed's policies over several decades. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Bernanke masterfully examines how the Fed's policies-and the institution itself-may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change and polarised politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding modern finance, investments or US economic policy.

About the author

Ben S. Bernanke is a Distinguished Senior Fellow at the Brookings Institution. Author of the best-selling memoir The Courage to Act, he served as chair of the Federal Reserve from 2006 to 2014.

Summary

A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions

Product details

• Authors: Ben S Bernanke, Ben S. Bernanke, Bernanke Ben S.
• Publisher: W. W. Norton & Company
• Languages: English
• Product format: Paperback / Softback
• Released: 22.06.2023
• EAN: 9781324064879
• ISBN: 978-1-324-06487-9
• Dimensions: 140 mm x 211 mm x 25 mm
• Weight: 393 g
• Subjects: Social sciences, law, business > Political science > Political science and political education; BUSINESS & ECONOMICS / Money & Monetary Policy, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / Public Policy / Economic Policy, Political Economy, Monetary Economics, Central / national / federal government policies, Central government policies