Ben Bernanke: Theory and Practice
The Center for the History of Political Economy Working Paper Series No. 2014-06
18 Pages Posted: 7 Mar 2014
Date Written: March 5, 2014
Ben Bernanke researched monetary policy for over 25 years prior to becoming a policymaker, and his two-term career as Chairman of the Federal Reserve featured a severe recession coupled with a financial crisis, a chief subject of Bernanke's research. His reaction to economic events is noteworthy in its originality and breadth, but its intellectual underpinnings are, with a few exceptions discussed in the paper, not without written precedent. This paper will summarize and connect Bernanke's research and policymaking and show that the two are closely aligned.
Keywords: Economic thought, history of economic thought, central banking, Fed, Bernanke.
JEL Classification: B310, E580, E650
Suggested Citation: Suggested Citation