21st Century Monetary Policy by Ben S. Bernanke

The bursting of a housing bubble in 2007 exposed the hidden vulnerabilities of the global financial system, bringing it to the brink of meltdown. Bernanke was appointed chair of the Federal Reserve.

Library Journal Best Core Nonfiction 2015 “Undoubtedly the best account we will ever have of how government and financial institutions dealt with what has come to be known as the Great Recession.” - New York Times Book Review economic policy.Īn unrivaled look at the fight to save the American economy. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding Bernanke masterfully examines how the Fed’s policies-and the institution itself-may change as it grapples with persistently low interest rates, systemicįinancial risk, rapid technological change, and polarized politics. Of the 1970s to the Great Recession and the recent pandemic, Ben S. 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. Purchases and a new policy framework remain a source of confusion for investors, journalists, and ordinary citizens alike. Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical.

In response to the economic impact of the COVID-19 pandemic, the U.S. A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions.

21st Century Monetary Policy by Ben S. Bernanke