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

4.20 ( 742 Ratings by Goodreads)
21st Century Monetary Policy

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

4.20 (742 Ratings by Goodreads)
paperback
Published: 16 May, 2023
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Description

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.
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More Details

Type Book
ISBN13 9781324064879
ISBN10 1324064870
Number Of Pages 528
Item Weight 393 g
Product Dimensions 140 x 211 x 25 mm
Publisher / Reseller WW Norton & Co
Format paperback
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Media Reviews

"Bernanke is the most influential thinker and practitioner on central banking of our era. His book, 21st Century Monetary Policy, offers a lucid account of the evolution of central banking and the US central bank from the ‘great inflation’ of the late 1960s, 1970s and early 1980s to today and into the future." -- Martin Wolf - Financial Times
"...[A] uniquely practical book as the public tries to better understand the powers of the Fed and Congress to juice or slow the economy amid a supply-chain crunch and sky-high demand." -- Andrew Ross Sorkin - The New York Times
"This exercise of historical assessment from a central participant is one that more policymakers should probably try. It allows readers to make judgements along with Bernanke and think about what lesson today's policymakers—who are once again battling inflation—might take." -- David Leonhardt - The New York Times

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Author's Bio

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.

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