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Chapter from: "Ben Bernanke's Fed: The Federal Reserve After Greenspan"
Published by: Harvard Business Publishing
Published in: 2008

Abstract

Modern 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'.

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Abstract

Modern 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'.

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