Table of contents
Introducing the Book
The Broad Sweep of Federal Reserve History: December 1913–December 2013
Monetary Policy in Chairman Bernanke’s Era: Taking a Closer Look at Monetary Policymaking and Communication, February 2006–January 2014
Related Developments in Chairman Bernanke’s Era: February 2006–January 2014
About this book
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.
This unique volume is a piece of living history that has much to offer economists and monetary policy and finance professionals.
- DOI https://doi.org/10.1007/978-1-137-57859-4
- Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
- Publisher Name Palgrave Macmillan, New York
- eBook Packages Economics and Finance Economics and Finance (R0)
- Print ISBN 978-1-349-88757-6
- Online ISBN 978-1-137-57859-4
- Buy this book on publisher's site