{"title":"Ben S. Bernanke","description":"\u003cp\u003eBen S. Bernanke’s works delve into the complexities of modern monetary policy and financial crises, offering readers a deep understanding of economic forces shaping the 21st century. With titles exploring the role of the Federal Reserve, inflation targeting, and historical economic events like the Great Depression, his books provide insightful analysis grounded in both history and contemporary finance.\u003c\/p\u003e\n\n\u003cp\u003eBlending rigorous scholarship with clear exposition, Bernanke’s writing appeals to readers interested in \u003cem\u003efinance, economic history\u003c\/em\u003e, and \u003cstrong\u003epolicy-making\u003c\/strong\u003e. His contributions illuminate the challenges and decision-making processes behind stabilising economies during turbulent times, making his collection essential for those seeking thoughtful perspectives on financial systems and their evolution.\u003c\/p\u003e","products":[{"product_id":"inflation-targeting-by-adam-s-posen-9780691086897","title":"Inflation Targeting","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eHow should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years, a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eInflation Targeting\u003c\/em\u003e is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. Federal Reserve and the European Central Bank should adopt this strategy and make specific proposals for doing so.\u003c\/p\u003e\n\n\u003cp\u003eThe book begins by explaining the unique features and advantages of inflation targeting. The authors argue that the simplicity and openness of inflation targeting make it far easier for the public to understand the intent and effects of monetary policy. This strategy also increases policymakers' accountability for inflation performance and can accommodate flexible, even \"discretionary,\" monetary policy actions without sacrificing central banks' credibility.\u003c\/p\u003e\n\n\u003cp\u003eThe authors examine how well variants of this approach have worked in nine countries: Germany and Switzerland (which employ a money-focused form of inflation targeting), New Zealand, Canada, the United Kingdom, Sweden, Israel, Spain, and Australia. They show that these countries have typically seen lower inflation, lower inflation expectations, and lower nominal interest rates, and have found that one-time shocks to the price level have less of a \"pass-through\" effect on inflation. These effects, in turn, are improving the climate for economic growth.\u003c\/p\u003e\n\n\u003cp\u003eThe authors warn, however, that the success of inflation targeting depends on operational details, such as how the targets are defined and when they are announced. They also show that inflation targeting is not a panacea that can make inflation perfectly predictable or reduce it without economic costs.\u003c\/p\u003e\n\n\u003cp\u003eClear, balanced, and authoritative, \u003cem\u003eInflation Targeting\u003c\/em\u003e is a groundbreaking study that will have a major impact on the debate over the right monetary strategy for the coming decades. As a unique comparative study of what central banks actually do in different countries around the world, this book will also be invaluable to anyone interested in how economic policy is made.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":46481694261484,"sku":"9780691086897","price":86.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/856113482434.jpg?v=1748211872"},{"product_id":"firefighting-by-ben-s-bernanke-9781788163361","title":"Firefighting","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. Ten years later, Ben Bernanke, Timothy Geithner, and Hank Paulson reflect on the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression.\u003c\/p\u003e\n\n\u003cp\u003eAll three had crucial roles in the government's response—Ben S. Bernanke as chairman of the Federal Reserve; Henry M. Paulson, Jr., as secretary of the Treasury under President George W. Bush; Timothy F. Geithner as president of the Federal Reserve Bank of New York during the Bush years and then Treasury secretary under President Barack Obama.\u003c\/p\u003e\n\n\u003cp\u003eA powerful, warts-and-all account told with unprecedented clarity; from the flawed human response to the necessity to learn from the past and help firefighters of the future protect economies from the ravages of financial crises.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eFirefighting\u003c\/em\u003e is a vital account of a defining moment in modern history and an inspiring lesson on leadership through crisis.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Allen \u0026 Unwin","offers":[{"title":"Default Title","offer_id":46544232022252,"sku":"9781788163361","price":26.0,"currency_code":"NZD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/18162653482824.jpg?v=1749769347"},{"product_id":"essays-on-the-great-depression-by-ben-s-bernanke-9780691254135","title":"Essays on the Great Depression","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eAs chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize.\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eEssays on the Great Depression\u003c\/i\u003e brings together Bernanke's influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":46849060307180,"sku":"9780691254135","price":39.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/2528493482434.jpg?v=1759014582"},{"product_id":"21st-century-monetary-policy-by-ben-s-bernanke-9781324064879","title":"21st Century Monetary Policy","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eIn response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasised job creation.\u003c\/p\u003e\n\n\u003cp\u003eThese strategies would have astonished Powell's late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy.\u003c\/p\u003e\n\n\u003cp\u003eIn \u003cem\u003e21st Century Monetary Policy\u003c\/em\u003e, Ben S. Bernanke—former chair of the Federal Reserve and one of the world's leading economists—explains the Fed's evolution and speculates on its future. Taking a fresh look at the bank's policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed's innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.\u003c\/p\u003e\n\n\u003cp\u003eBeyond explaining the central bank's new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed's decisions, as well as the personalities and philosophies of those who led the institution.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47335326482668,"sku":"9781324064879","price":43.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/11333183482659.jpg?v=1772071987"},{"product_id":"21st-century-monetary-policy-by-ben-s-bernanke-9781324020462","title":"21st Century Monetary Policy","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eIn response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation.\u003c\/p\u003e\n\n\u003cp\u003eThese strategies would have astonished Powell's late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy.\u003c\/p\u003e\n\n\u003cp\u003eIn \u003cem\u003e21st Century Monetary Policy\u003c\/em\u003e, Ben S. Bernanke—former chair of the Federal Reserve and one of the world's leading economists—explains the Fed's evolution and speculates on its future. Taking a fresh look at the bank's policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed's innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.\u003c\/p\u003e\n\n\u003cp\u003eBeyond explaining the central bank's new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed's decisions, as well as the personalities and philosophies of those who led the institution.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47423652626668,"sku":"9781324020462","price":66.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/61VR3ldhGVL._SL1500.jpg?v=1774427727"},{"product_id":"the-federal-reserve-and-the-financial-crisis-by-ben-s-bernanke-9780691165578","title":"The Federal Reserve and the Financial Crisis","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eIn 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucial actions during the worst financial crisis since the Great Depression.\u003c\/p\u003e\n\n\u003cp\u003eTaken directly from these historic talks, \u003cem\u003eThe Federal Reserve and the Financial Crisis\u003c\/em\u003e offers insight into the guiding principles behind the Fed's activities and the lessons to be learned from its handling of recent economic challenges.\u003c\/p\u003e\n\n\u003cp\u003eBernanke traces the origins of the Federal Reserve, from its inception in 1914 through the Second World War. He looks at the Fed post-1945, when it began operating independently from other governmental departments such as the Treasury. During this time, the Fed grappled with episodes of high inflation, finally tamed by then-chairman Paul Volcker.\u003c\/p\u003e\n\n\u003cp\u003eBernanke also explores the period under his predecessor, Alan Greenspan, known as the Great Moderation. He then delves into the Fed's reaction to the recent financial crisis, focusing on the central bank's role as the lender of last resort and discussing efforts that injected liquidity into the banking system.\u003c\/p\u003e\n\n\u003cp\u003eBernanke points out that monetary policies alone cannot revive the economy, and he describes ongoing structural and regulatory problems that need to be addressed. Providing first-hand knowledge of how problems in the financial system were handled, \u003cem\u003eThe Federal Reserve and the Financial Crisis\u003c\/em\u003e will long be studied by those interested in this critical moment in history.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47599427158252,"sku":"9780691165578","price":43.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691165578-the-federal-reserve-and-the-financial-crisis.jpg?v=1777978028"},{"product_id":"courage-to-act-by-ben-s-bernanke-9780393353990","title":"Courage to Act","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eIn 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, marking the unexpected apex of a personal journey from small-town South Carolina to prestigious academic appointments and finally public service in Washington's halls of power.\u003c\/p\u003e\n\n\u003cp\u003eThere would be no time to celebrate.\u003c\/p\u003e\n\n\u003cp\u003eThe bursting of a housing bubble in 2007 exposed the hidden vulnerabilities of the global financial system, bringing it to the brink of meltdown. From the implosion of the investment bank Bear Stearns to the unprecedented bailout of insurance giant AIG, efforts to arrest the financial contagion consumed Bernanke and his team at the Fed. Around the clock, they fought the crisis with every tool at their disposal to keep the United States and world economies afloat.\u003c\/p\u003e\n\n\u003cp\u003eWorking with two U.S. presidents, and under fire from a fractious Congress and a public incensed by behaviour on Wall Street, the Fed—alongside colleagues in the Treasury Department—successfully stabilized a teetering financial system. With creativity and decisiveness, they prevented an economic collapse of unimaginable scale and went on to craft the unorthodox programs that would help revive the U.S. economy and become the model for other countries.\u003c\/p\u003e\n\n\u003cp\u003eRich with detail of the decision-making process in Washington and indelible portraits of the major players, \u003cem\u003eCourage to Act\u003c\/em\u003e recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider's account of the policy response.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":50519509139692,"sku":"9780393353990","price":43.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780393353990-courage-to-act-1.jpg?v=1790160213"}],"url":"https:\/\/bookhero.live\/collections\/ben-s-bernanke.oembed","provider":"Book Hero","version":"1.0","type":"link"}