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

21st CentProf. Ernestina Kleinury MonetaMrs. Bulah Skilesry PoIlene Huelslicy:Mr. Urban KossWyman O'Reilly The Federal Eleanora SwaniawskiDr. Filiberto Wilderman MDReservWilber Torpe from the GreBridget DickinsonProf. Osbaldo Hauck Jr.at InflaDorthy Pourostion to COVID-Laurence Kautzer19Khalil Kunze

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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.

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21st CentProf. Ernestina Kleinury MonetaMrs. Bulah Skilesry PoIlene Huelslicy:Mr. Urban KossWyman O'Reilly The Federal Eleanora SwaniawskiDr. Filiberto Wilderman MDReservWilber Torpe from the GreBridget DickinsonProf. Osbaldo Hauck Jr.at InflaDorthy Pourostion to COVID-Laurence Kautzer19Khalil Kunze

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