Book

Bernanke, Ben, author.

21st century monetary policy : the Federal Reserve from the great inflation to COVID-19 / Ben S. Bernanke.

First edition.

New York, NY : W. W. Norton & Company, [2022]

xxvi, 480 pages : illustration ; 25 cm

"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.

United States. Federal Reserve Board.

Monetary policy -- United States.

Economics -- United States.

Banks and banking, Central -- United States.

United States -- Economic policy -- 2009-

Twenty-first century monetary policy

Includes bibliographical references (pages 443-460) and index.

Part I: 20th century monetary policy -- The rise and fall of inflation -- The great inflation -- Burns and Volcker -- Greenspan and the nineties boom -- Part II: 21st century monetary policy -- The global financial crisis and the great recession -- New century, new challenges -- The global financial crisis -- A new monetary regime: From QE1 to QE2 -- Monetary evolution: QE3 and the Taper Tantrum -- Part III: 21st century monetary policy -- From liftoff to the covid-19 pandemic -- Liftoff -- Powell and Trump -- Pandemic -- Part IV: 21st century monetary policy -- What lies ahead -- The Fed’s post-2008 toolkit: Quantitative easing and forward guidance -- Is the Fed’s toolkit enough? -- Making policy more powerful: New tools and frameworks -- Monetary policy and financial stability -- The Fed's independence and role in society.

20th century monetary policy: the rise and fall of inflation -- 21st century monetary policy: the global financial crisis and the Great Recession -- 21st century monetary policy: from liftoff to the COVID-19 Pandemic -- 21st century monetary policy: what lies ahead.

2021055322

9781324020462

1324020466

* 9781324020479

9781324020462

1287741543

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