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

  • 16h 4m 51s
  • Ben S. Bernanke
  • Recorded Books, Inc.
  • 2022

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 U.S. Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programs 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 polarized politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-listen for anyone interested in understanding modern finance, investments, or U.S. economic policy.

About the Author

Ben S. Bernanke is a Distinguished Senior Fellow at the Brookings Institution. Author of the best-selling memoir The Courage to Act, he served as chair of the Federal Reserve from 2006 to 2014.

In this Audiobook

  • Chapter 1 - The Great Inflation
  • Chapter 2 - Burns and Volcker
  • Chapter 3 - Greenspan and the Nineties Boom
  • Chapter 4 - New Century, New Challenges
  • Chapter 5 - The Global Financial Crisis
  • Chapter 6 - A New Monetary Regime: From QE1 to QE2
  • Chapter 7 - Monetary Evolution: QE3 and the Taper Tantrum
  • Chapter 8 - Liftoff
  • Chapter 9 - Powell and Trump
  • Chapter 10 - Pandemic
  • Chapter 11 - The Fed's Post-2008 Toolkit: Quantitative Easing and Forward Guidance
  • Chapter 12 - Is the Fed's Toolkit Enough?
  • Chapter 13 - Making Policy More Powerful: New Tools and Frameworks
  • Chapter 14 - Monetary Policy and Financial Stability
  • Chapter 15 - The Fed's Independence and Role in Society