JOURNAL ARTICLE

Book Review: 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 by Ben S. Bernanke.

  • Published In: Economic Development Quarterly, 2024, v. 38, n. 1. P. 65 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kumar, Manoj 3 of 3

Abstract

Ben S. Bernanke's book, "21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19," provides a historical overview of the Federal Reserve's actions and policies from the post-war period to the COVID-19 recession. Bernanke, who served as the head of the Federal Reserve Bank, discusses the causes and responses to major economic crises, including the Great Depression and the 2007 real estate bubble. The book explores different perspectives on monetary policy, including Keynesian and monetarist approaches, and examines the effectiveness of strategies such as quantitative easing. While the book has been praised for its clarity and accessibility, some critics argue that it does not adequately address potential future challenges, such as inflation and deflation. [Extracted from the article]

Additional Information

  • Source:Economic Development Quarterly. 2024/02, Vol. 38, Issue 1, p65
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • ISSN:0891-2424
  • DOI:10.1177/08912424231187816
  • Accession Number:173780601
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