By David E. Lindsey
In this narrative historical past, David E. Lindsey provides the reader a ringside seat to a century of rules on the US Federal Reserve. Alternating among large old strokes and deep dives into the importance of financial matters and advancements, Lindsey bargains a desirable check out financial policymaking from the Fed's inception in 1913 to today.
Lindsey's 3 a long time of provider at the Federal Reserve Board employees enable him to mix the heft of scholarship with an insider's standpoint on how the new chairmen's and present chairwoman's personalities and singular visions have formed coverage offerings with far-reaching results. He opinions the performances of Chairman Ben Bernanke and Vice Chair Janet Yellen through the prelude, outbreak, and aftermath of the monetary problem of 2008, situating them within the context of the Fed's century-long heritage. He additionally quantitatively explores a substitute for the normal New-Keynesian idea of inflation, changing so-called "rational expectancies" with the Fed's inflation objective.
This precise quantity is a bit of dwelling heritage that has a lot to provide economists and fiscal coverage and finance professionals.
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Additional info for A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008 (Palgrave Studies in American Economic History)
A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008 (Palgrave Studies in American Economic History) by David E. Lindsey