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21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19
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62
/100
I Index Overall Rating
Readers
73/100Critics
17/100Scholars
98/100Author:
Ben S. Bernanke
Publisher:
W. W. Norton & Company
Date:
May 17, 2022
Ben S. Bernankeâformer chair of the Federal Reserve and one of the worldâs leading economistsâexplains the Fedâs evolution and speculates on its future.
What The Reviewers Say
... light on personal anecdotes and devoted to substantive judgments. This exercise of historical assessment from a central participant is one that more policymakers should probably try. It allows readers to make judgments along with Bernanke and think about what lessons today’s policymakers — who are once again battling inflation — might take.
In a world where $2.15 trillion is floating in the U.S. economy, readers will be intrigued by the history and predictions Bernanke shares. This impressive and accessible book will appeal to historians and educators as well as those who want to understand America’s finances from a historical perspective..
Unfortunately for Bernanke, however, his book arrives just as this new framework is being put to the test, with an inflationary spiral taking hold, an economic slowdown on the horizon, and tech and crypto bubbles starting to burst.
[Bernanke] delivers the mix of exquisite chutzpah and awful timing that we’ve come to expect from Federal Reserve chiefs.
