This website uses technical, customisation and analytical cookies, both first-party and third-party, to anonymously facilitate browsing and analyse statistics on use of the website. Learn more
Search results
-
Secrets of the Temple: Demystifying the Fed
Harris, Ethan S.Book Chapter HBS-7622BC-EFinanceAlthough the Fed was historically an institution cloaked in secrecy, today, there are no secrets when it comes to day-to-day operations. This chapter looks at how the Fed manages the economy, exploring the complicated decision structure, how changes in the interest rates the Fed controls work their way into the economy, how uncertainty affects policy choices, and how the Fed deals with supply shocks. This chapter is excerpted from "Ben Bernanke'...Starting at €8.20
-
Constrained Discretion: Bernanke's Quest for an Inflation Target
Harris, Ethan S.Book Chapter HBS-7627BC-EFinanceOne of the hot topics in monetary economics is whether policy makers should be constrained by rules or use discretion. Advocates of discretion argue that the Fed should react to developments in the economy using its best judgment at the time. By contrast, rules advocates argue that policy makers are not very adept at managing the economy, that they are influenced by politicians, and that they may pursue policies that boost economic performance in...Starting at €8.20
-
Declaration of Independence: The Political Economy of Central Banking
Harris, Ethan S.Book Chapter HBS-7623BC-EFinanceWhy do so many economists favor an independent central bank? What are the evolving political pressures on the Fed? What are the prospects and pressures for Bernanke, its new chairman? This chapter answers these questions as it looks at the political economy of central banking. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Greenspan, an Enviable Record: Greenspan's Successes as Fed Chairman
Harris, Ethan S.Book Chapter HBS-7625BC-EFinanceIn the latter half of his Fed chairmanship, Greenspan was considered the rock star of the economic and financial world. This chapter looks at the successes that propelled him to iconic status. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Blowing Smoke: The Fed's Evolving Communication Strategy
Harris, Ethan S.Book Chapter HBS-7624BC-EFinanceIn the past, central bank communication could be described as "blowing smoke": the bankers were purposefully ambiguous about their policy actions and economic forecasts. Starting in the late 1980s, however, a decline in political attacks on central banks made it easier for central bankers to be open about what they were attempting to do. Open communication with the public encouraged greater trust in the central bank. This chapter is excerpted fr...Starting at €8.20
-
Depression Obsession: How the Great Depression Informs Bernanke's Thinking
Harris, Ethan S.Book Chapter HBS-7628BC-EFinanceModern central banking is defined by two big policy mistakes of the last century: the Great Depression of the 1930s and the Great Inflation of the 1970s. Ben Bernanke's academic research has focused heavily on the Great Depression, which clearly informs his current policy outlook and his crusade against deflation. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Pressure Cooker: Bernanke's Performance in His First Two Years
Harris, Ethan S.Book Chapter HBS-7634BC-EFinanceHow has Ben Bernanke handled a tough economic environment? Has he dealt with the economy and financial markets effectively? Why does such a strong proponent of transparency seem to have had so much trouble communicating? Is he or the Fed as an institution susceptible to political pressure? This chapter addresses these key questions about the Fed under Bernanke. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greensp...Starting at €8.20
-
Can He Walk the Walk: The Outlook for the Bernanke Fed
Harris, Ethan S.Book Chapter HBS-7635BC-EFinanceWhat is the outlook for the Fed? In this chapter, leading economist Ethan Harris looks into the future of economic policy under Ben Bernanke, offering some expert analysis and informed predictions of how the economy will fare in the years ahead. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Glasnost: Democracy Comes to the Fed--The Fed Under Ben Bernanke
Harris, Ethan S.Book Chapter HBS-7629BC-EFinanceIn this chapter, leading economist, Ethan Harris, explores how the internal workings of the Fed have changed under its new chairman, Ben Bernanke. He looks at how the passing of the mantle from a data junkie to a former academic has changed the economic and policy discussion within the Fed, and at the implications of having a less dominant chairman. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Greenspan, to Err is Human: The Downside of Greenspan's Chairmanship
Harris, Ethan S.Book Chapter HBS-7626BC-EFinanceAlan Greenspan surely deserves credit for the strong performance of the economy during his Fed chairmanship, but he also had some notable mistakes, including thrusting himself unnecessarily into political matters and failing to respond to bubbles in asset markets. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20