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

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In this narrative history, David E. Lindsey gives the reader a ringside seat to a century of policies at the US Federal Reserve. Alternating between broad historical strokes and deep dives into the significance of monetary issues and developments, Lindsey offers a fascinating look into monetary policymaking from the Fed's inception in 1913 to today.

Lindsey's three decades of service on the Federal Reserve Board staff allow him to combine the heft of scholarship with an insider's perspective on how the recent chairmen's and current chairwoman's personalities and singular visions have shaped policy choices with far-reaching consequences. He critiques the performances of Chairman Ben Bernanke and Vice Chair Janet Yellen during the prelude, outbreak, and aftermath of the financial crisis of 2008, situating them in the context of the Fed's century-long history. He also quantitatively explores an alternative to the conventional New-Keynesian theory of inflation, replacing so-called "rational expectations" with the Fed's inflation objective.

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Detail Information

Series Title

-

Call Number

339 LIN c

Publisher

: ., 2016

Collation

-

Language

English

ISBN/ISSN

978-1-137-57859-4

Classification

339

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

-

Subject(s)

Macroeconomics and Monetary Economics
Regional and Spatial Economics

Specific Detail Info

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Statement of Responsibility

David E. Lindsey

Other Information

Cataloger

umi

Source

https://link.springer.com/content/pdf/10.1007/978-1-137-57859-4.pdf?pdf=button

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