21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19

The U.S. Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical to respond to the economic impact of the COVID-19 pandemic, such as large-scale securities purchases and a new policy framework. Twenty-First Century Monetary Policy by Ben S. Bernanke demystifies these opaque techniques to reveal how economic ideas, historical events, and political forces have transformed the Feds policies over several decades, from the stagflation of the 1970s to the Great Recession and the recent pandemic.

Format: Hardback
Length: 512 pages
Publication date: 17 June 2022
Publisher: WW Norton & Co

The COVID-19 pandemic has had a significant economic impact, prompting the U.S. Federal Reserve and central banks worldwide to deploy tools that may have been considered radical in the past. These programs, such as large-scale securities purchases and a new policy framework, continue to confuse investors, journalists, and ordinary citizens alike.

Twenty-First Century Monetary Policy provides a comprehensive exploration of these opaque techniques, shedding light on how economic ideas, historical events, and political forces have shaped the Fed's policies over several decades. Author Ben S. Bernanke delves into how the Fed's policies and the institution itself have evolved in response to challenges such as stagflation in the 1970s, the Great Recession, and the recent pandemic. With unparalleled depth of expertise and a broad historical sweep, the book offers valuable insights into modern finance, investments, and U.S. economic policy.

This book is a must-read for anyone interested in understanding the complexities of contemporary finance, the dynamics of the global economy, and the policy decisions that shape our lives.

Weight: 854g
Dimension: 169 x 247 x 45 (mm)
ISBN-13: 9781324020462