21st Century Monetary Policy by Ben S Bernanke

21st Century Monetary Policy by Ben S Bernanke

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.

"Bernanke is the most influential thinker and practitioner on central banking of our eraHis 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

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.

SKU	Nicht verfügbar
ISBN 13	9781324064879
ISBN 10	1324064870
Titel	21st Century Monetary Policy
Autor	Ben S Bernanke
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	WW Norton & Co
Erscheinungsjahr	2023-06-30
Seitenanzahl	528
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.