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

The US Federal Reserve and central banks have deployed radical tools to address 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 techniques and explores how economic ideas, historical events, and political forces have shaped the Fed's policies over decades, from the stagflation of the 1970s to the Great Recession and the recent pandemic.

Format: Paperback / softback
Length: 528 pages
Publication date: 30 June 2023
Publisher: WW Norton & Co

The US Federal Reserve and central banks worldwide have taken drastic measures in response to the economic impact of the COVID-19 pandemic. These measures include large-scale securities purchases and a new policy framework, which have left investors, journalists, and ordinary citizens confused.

Twenty-First Century Monetary Policy provides a comprehensive explanation of these opaque techniques and how economic ideas, historical events, and political forces have shaped the Fed's policies over several decades. Author Ben S. Bernanke examines how the Fed's policies have evolved in response to challenges such as stagflation in the 1970s, the Great Recession, and the recent pandemic. He explores how the Fed's institution may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change, and polarized politics.

With unparalleled depth of expertise and a robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding modern finance, investments, or US economic policy. The book offers valuable insights into the complex dynamics of monetary policy and its impact on the global economy.

Weight: 406g
Dimension: 208 x 140 x 29 (mm)
ISBN-13: 9781324064879