Books by Ben Bernanke
Ben Bernanke is an economist who won the 2022 Nobel Memorial Prize in Economic Sciences (along with Douglas Diamond and Philip Dybvig) “for research on banks and financial crises.” After an academic career at Princeton University, he served as Chairman of the Federal Reserve from 2006-2014, using his expertise as a scholar of the Great Depression to try and avoid the US sinking into another one.
“The main motive in the book is to make the case for inflation targeting. In the book, the authors argue the target shouldn’t be a strict rule. It should be more like a framework in which the central bank operates in order to stabilize inflation…And when Bernanke was running the Fed he ensured there was this flexibility, with no strict target.” Read more...
Federica Romei, Economist
“Probably his most important contribution in terms of macroeconomics and financial economics…It’s focusing on the Great Depression as a credit implosion, not so much the money supply, which Friedman and Schwartz had emphasized, but a somewhat related phenomenon, which is credit availability. That had been imploding from 1929 through to the trough, early in 1933. So it’s really focusing on the credit aspects and trying to measure that, particularly by looking at patterns in interest rates.” Read more...
The Lessons of the Great Depression
Robert Barro, Economist
Interviews where books by Ben Bernanke were recommended
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1
A Monetary History of the United States, 1867-1960
by Anna Schwartz & Milton Friedman -
2
Macroeconomic Effects from Government Purchases and Taxes
by Robert Barro -
3
Identifying Government Spending Shocks
by Valerie Ramey -
4
Essays on the Great Depression
by Ben Bernanke -
5
The Great Depression in the United States from a Neoclassical Perspective
by Harold Cole and Lee Ohanian
The Lessons of the Great Depression, recommended by Robert Barro
The Lessons of the Great Depression, recommended by Robert Barro
Harvard macroeconomist Robert Barro takes issue with some common assumptions about the Great Depression, and how America got out of it.
The best books on Learning from the Great Depression, recommended by Christina Romer
Economist Christina Romer, former chair of President Obama’s Council of Economic Advisers, says we’ve learned that terrible downturns can still occur, but also that the right policy response can make a huge difference to the outcome. She talks us through books and articles that help us better understand how to get out of an economic crisis.
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1
Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and its Applications
by Jordi Gali -
2
A Monetary History of the United States, 1867-1960
by Anna Schwartz & Milton Friedman -
3
Inflation Targeting: Lessons from the International Experience
by Adam S. Posen, Ben Bernanke, Frederic S. Mishkin & Thomas Laubach -
4
A Monetary and Fiscal History of Latin America, 1960–2017
by Juan Pablo Nicolini & Timothy J. Kehoe -
5
The Conquest of American Inflation
by Thomas J. Sargent
The best books on Inflation, recommended by Federica Romei
The best books on Inflation, recommended by Federica Romei
Inflation has been under control in the developed world for decades now. Many assumed we had it beaten, but it has picked up recently and is once again a major policy concern. Here, Oxford economist Federica Romei chooses five books to help you understand inflation from a historical and theoretical perspective, and when, if and why you should worry about it.
