21st century monetary policy : the Federal Reserve from the great inflation to COVID-19 / Ben S. Bernanke.
Material type:
TextPublisher: New York, NY : W. W. Norton & Company, [2022]Edition: First editionDescription: xxvi, 480 pages : illustration ; 25 cmContent type: - text
- unmediated
- volume
- 9781324020462
- 1324020466
- Twenty-first century monetary policy
| Item type | Home library | Collection | Call number | Materials specified | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Adult Book
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Main Library | NonFiction | 332.1109 B517 | Checked out | 06/21/2024 | 33111010840805 | |||
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Adult Book
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Northport Library | NonFiction | 332.1109 B517 | Available | 33111009435971 |
Enhanced descriptions from Syndetics:
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. economy. Chair Jerome Powell and his colleagues lent directly to U.S. 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.
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.
In 21st Century Monetary Policy, Ben S. 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. 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. 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.
Beyond 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.
Includes bibliographical references (pages 443-460) and index.
"In 21st Century Monetary Policy, Ben S. 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. 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. 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." -- Inside front jacket flap.
"Former Federal Reserve Chair Ben S. Bernanke helps readers understand how the Federal Reserve, the steward of U.S. monetary policy, got to where it is today, what it has learned from the diverse challenges it has faced, and how it may evolve in the future"-- Provided by publisher.