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

(author)
£27.99
Hardback 512 Pages
Published: 17/06/2022
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In response to the economic impact of the COVID-19 pandemic, the U.S. Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programmes like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists and ordinary citizens alike.

Twenty-First Century Monetary Policy demystifies these opaque techniques to reveal how economic ideas, historical events and political forces have transformed the Fed’s policies over several decades. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Bernanke masterfully examines how the Fed’s policies—and the institution itself—may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change and polarised politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding modern finance, investments or U.S. economic policy.

Publisher: WW Norton & Co
ISBN: 9781324020462
Number of pages: 512
Weight: 848 g
Dimensions: 244 x 165 x 41 mm


MEDIA REVIEWS

"Bernanke is the most influential thinker and practitioner on central banking of our era. His book, 21st Century Monetary Policy, offers a lucid account of the evolution of central banking and the US central bank from the ‘great inflation’ of the late 1960s, 1970s and early 1980s to today and into the future." - Martin Wolf - Financial Times

"[Bernanke] is ideally equipped to explain the economic forces and ideas behind the policies of central banks, especially the Fed, over the past half-century. The book is characteristically well argued." - Financial Times

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