Ben Bernanke

Bernanke on balance sheets and the recovery

SPEECH - In the speech 'Balance Sheets and the Recovery' Ben Bernanke of the Federal Reserve assessed whether there exist financial constraints that might impede the developing recovery in the U.S. economy. His sense, he said, is that the household and…

Bernanke on discretion and monetary policy

SPEECH - In the speech '"Constrained Discretion" and Monetary Policy' Ben Bernanke of the Federal Reserve said laid out the advantages of using a framework of constrained discretion for making monetary policy. The essence of constrained discretion, he…

Bernankeian Economics

ARTICLE - This article looks at Fed Governor Ben Bernanke's recent speech "Deflation: Making Sure "It" Doesn't Happen Here" and says it is one of most important speeches on Federal Reserve and monetary policy in the past fifteen years. The article…

Ben Bernanke on the threat of deflation

SPEECH - In the speech 'Deflation: Making Sure "It" Doesn't Happen Here' Ben Bernanke of the Federal Reserve said sustained deflation can be a highly destructive force and should be strongly resisted. He emphasised that prevention of deflation is…

Fed governor Bernanke repeats confidence on prices

Much recent press comment has focussed on whether the US economy could be set for a period of deflation. In a speech made Thursday Ben Bernanke said he was confident that the Federal Reserve still had the fire power left, even if interest rates fell…

Bernanke - Milton Friedman's Ninetieth Birthday

SPEECH - In the speech 'On Milton Friedman's Ninetieth Birthday' made on 8 November, Ben Bernanke of the Federal Reserve said to the assembled guests including Milton Friedman that the Federal Reserve takes responsibility for the Great Depression, "You…

Ben Bernanke on asset price bubbles

SPEECH - In the speech 'Asset-Price "Bubbles" and Monetary Policy' made on 15 October Ben Bernanke of the Federal Reserve said the Fed lacked the knowledge, foresight or precision tools to pre-empt a stock market bubble, "and even if it could identify…

Bush expected to name Fed nominees - Report

USA - U.S. President George W. Bush is expected to nominate Princeton economist Ben Bernanke and Federal Reserve official Donald Kohn to the central bank's board, sources apparently told Reuters on Tuesday. A White House spokeswoman on Tuesday declined…

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