TY  - BOOK
TI  - 21st century monetary policy : : the Federal Reserve from the great inflation to COVID-19 
SN  - 9781324064879
PY  - 2023///
CY  - Nueva York
PB  - W. W. Norton and Company
N1  - Contenidos : Introduction

Part I — 20th Century Monetary Policy: The Rise and Fall of Inflation

The Great Inflation

Burns and Volcker

Greenspan and the Nineties Boom

Part II — 21st Century Monetary Policy: The Global Financial Crisis and the Great Recession

New Century, New Challenges

The Global Financial Crisis

A New Monetary Regime: From QE1 to QE2

Monetary Evolution: QE3 and the Taper Tantrum

Part III — 21st Century Monetary Policy: From Liftoff to the COVID-19 Pandemic

Liftoff

Powell and Trump

Pandemic

Part IV — 21st Century Monetary Policy: What Lies Ahead

The Fed’s Post-2008 Toolkit: Quantitative Easing and Forward Guidance

Is the Fed’s Toolkit Enough?. making policy more powerful: new tools and frameworks. Monetary policy and financial stability. The Fed's indenpendwnce and role in society.

Bibliography / Notes / Index
N2  - A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions. In response to the economic impact of the COVID-19 pandemic, the US 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 US economic policy
ER  -