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Twenty-First Century Monetary Policy - the Federal Reserve from the Great Inflation to COVID-19 by Bernanke, Ben S. is a book available to read on EtoBox.

What is Twenty-First Century Monetary Policy - the Federal Reserve from the Great Inflation to COVID-19 about?

The winner of the 2022 Nobel Prize in Economics and former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions. 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 Powells 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. Bernankeformer chair of the Federal Reserve and one of the worlds leading economistsexplains the Feds evolution and speculates on its future. Taking a fresh look at the banks policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed

Author

Bernanke, Ben S.

Publisher

Norton & Company, Incorporated, W. W.

Published

2022

Language

EN

ISBN

9781324020462

Subjects

Political Science, Social_sciences

Rating

4.6 / 5 (283 ratings)

Updated

2026-03-14