By David E. Lindsey
In this narrative historical past, David E. Lindsey offers the reader a ringside seat to a century of regulations on the US Federal Reserve. Alternating among wide ancient strokes and deep dives into the importance of economic matters and advancements, Lindsey bargains a desirable look at financial policymaking from the Fed's inception in 1913 to today.
Lindsey's 3 many years of carrier at the Federal Reserve Board employees enable him to mix the heft of scholarship with an insider's viewpoint on how the hot chairmen's and present chairwoman's personalities and singular visions have formed coverage offerings with far-reaching outcomes. He reviews the performances of Chairman Ben Bernanke and Vice Chair Janet Yellen through the prelude, outbreak, and aftermath of the monetary obstacle 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 distinct quantity is a bit of dwelling background that has a lot to supply economists and fiscal coverage and finance professionals.
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Extra resources 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