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Ben Bernanke: Theory and Practice

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  • Alexander J. Gill

Abstract

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 nancial 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.

Suggested Citation

  • Alexander J. Gill, 2014. "Ben Bernanke: Theory and Practice," Center for the History of Political Economy Working Paper Series 2014-6, Center for the History of Political Economy.
  • Handle: RePEc:hec:heccee:2014-6
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    File URL: http://hope.econ.duke.edu/node/956
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    More about this item

    Keywords

    Economic thought; history of economic thought; central banking; Fed; Bernanke;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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