Press "Enter" to skip to content

Get A Century of Monetary Policy at the Fed: Ben Bernanke, Janet PDF

By David E. Lindsey

ISBN-10: 1137578599

ISBN-13: 9781137578594

ISBN-10: 1349887579

ISBN-13: 9781349887576

A narrative background by means of a Fed insider of the way financial coverage is formed within the US, with specific emphasis at the performances of former Chairman Ben Bernanke and present Chairwoman Janet Yellen in dealing with the prelude, outbreak, and aftermath of the 2008 monetary crisis.

Show description

Read Online or Download A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008 PDF

Best money & monetary policy books

New PDF release: Monetary Divergence: Domestic Policy Autonomy in the

"In a meticulously researched research, David Bearce demonstrates that, opposite to predictions, monetary globalization has no longer ended in a scientific convergence of nationwide financial rules. The publication is a must-read for college students of the political economic climate of foreign finance. Highlighting the severe position of partisan politics in deciding upon coverage results, Bearce provides a brand new and critical size to our realizing of the affects of foreign capital mobility within the modern period.

Download e-book for kindle: Unions, Central Banks, and EMU: Labour Market Institutions by Bob Hancke

This publication examines the obstacle of EMU during the lenses of comparative political economic climate. It retraces the advance of wage-setting platforms within the middle and peripheral EMU member states, and the way those contributed to the expanding divergence among creditor and debtor states within the past due 2000s. beginning with the development of the Deutschmark bloc, in the course of the Maastricht technique of the Nineties, and into the 1st decade of EMU, this booklet analyzes how labour unions and salary choice platforms adjusted based on financial integration and, in flip, prompted the form that financial union might ultimately take.

Download e-book for iPad: Principles of International Finance and Open Economy by Cristina Terra

Rules of foreign Finance and Open economic climate Macroeconomics: Theories, functions, and guidelines provides a macroeconomic framework for realizing and studying the worldwide economic system from the views of rising economies and constructing international locations. in contrast to so much macroeconomic textbooks, which usually emphasize matters approximately built nations whereas downplaying matters regarding constructing nations, this ebook emphasizes difficulties in rising economies, together with these in Latin American international locations.

The Economics of the Short Period by Richard Kahn (auth.) PDF

The principles of the therapy of the fast interval have been laid by way of Marshall, and it's his dialogue of the idea that in "Principles" and his belief of quasi-rent which, including the additions of later economists, give you the fabric upon which the writer elaborates the following.

Additional info for A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008

Example text

Eccles remained on the Board, and later played an important role in resisting underhanded administration efforts to retain the Treasury’s domination. After a meeting in the White House between President Truman and the FOMC on January 31, 1951, the administration falsely asserted in a press release and subsequent letter that the Committee had committed to support the current low bond rate. 13 Breaking Up Is Hard to Do ● 37 The Fed and the Treasury Reaching an Accord and the Unfolding of the Martin Era Allan Sproul, president of the New York Reserve Bank, earlier had pushed internally for Fed independence.

But Fed had little practical independence during the war years owing to the Treasury’s control over monetary policy. The Fed was relegated to pegging interest rates. The Fed and the Treasury reached an accord in March 1951 allowing for the central bank’s independence. The main negotiator for the Treasury was William McChesney Martin, who became Board chairman a month later, serving until early 1970. CHAPTER 3 Breaking Up Is Hard to Do: Splitting from the Treasury in Adolescence and Maturing More—September 1935–January 1970 G overnor Laurence Meyer gave a talk in 1998 describing a Treasury lunch at the Board at which the question arose as to what the four letters FOMC meant.

A more plausible explanation is that the depth and severity of the Great Depression were the consequence of a series of shocks that the Federal Reserve neglected or failed to offset completely. The shocks include French gold policy, banking panics, increased demand for currency, departure of Britain from the gold standard, the stock market decline, failure of banks in Austria and Germany, collapse of United States export markets in Latin America, the effects of tariffs and retaliation on prices and thus on gold movements, and other events.

Download PDF sample

A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008 by David E. Lindsey


by Kevin
4.1

Rated 4.03 of 5 – based on 15 votes