21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19
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102
978-1324064879
W. W. Norton and Company,
2022
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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 US Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programmes 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.
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