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

El libro resume perfectamente las actuaciones macroeconómicas de la Fed en situaciones similares a la actual. Muy recomendable, Bernake es un genio y una persona con mucho criterio. El libro aporta mucho conocimiento pero si no te gusta mucho el tema macroeconomía se puede hacer algo pesado.

I recently had the pleasure of reading "21st Century Monetary Policy," a groundbreaking book that explores the complex world of modern finance and its implications for the global economy. Written by an esteemed expert in the field, this book provides a comprehensive and insightful analysis of the challenges and opportunities that arise in the realm of monetary policy in our rapidly evolving world.

Fantastic read and marvelous gift

I am just starting to read the book and it is very good. Bernanke has a narrative unlike other historians and macroeconomists. I also love the hardcover edition. It will become one of my favorite books in my personal library.

Books by public figures on very recent history will by necessity give a somewhat white-washed version of events. It is pretty much a given that official intentions are as stated and personal or other politics are very much secondary. In the book Bernanke gives his, interesting, take on historical FED decisions and where he considered it worked, or didn't. As he approaches his own tenure it is interesting to find a sightly less critical note, but it is still a great read from 'somewhat behind the scenes'. All in all it is highly readable, with clear and concise formulations and thoughts on at least the generally known and accepted aspects of monetary policy decisions. What I expected but didn't find was some discussion on the downsides (aside form inflation) of exceedingly low interest rates especially considering his QE programs and the negative interest rates in Europe. For this book version of Bernanke however the world exists merely in terms of economic stimulus and interest rates and the goal is to keep interest down as far as you can without (runaway) inflation.