![]() From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. 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. Programs like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists, and ordinary citizens alike. ![]() Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. In response to the economic impact of the COVID-19 pandemic, the U.S. ![]() A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions. ![]()
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