Summary Of A Century Of US Central Banking
The great moderation:
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The book “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke has very many topics in it. These topics are very relevant however. One of the topics in this book are the great depression, the great experiment, the great inflation and disinflation, the great moderation, the financial crisis, the great recession and today. These topics are very important in the long run (Ritchie, 2003). They develop the book from the beginning up to the end. In his topics, each one of them talks and discusses of a certain topic. This is very important in the long run. In this case, we find that the “A Century of US Central Banking: Goals, …show more content…
This book as we had discussed above is very important since it addresses everything very well. It shows of this period very clearly. The great moderation period is believed to have been caused by very many things. This is mostly the developed countries that caused this problem (Ritchie, 2003). They caused it indirectly though. This includes the structural changes that happen in the countries. This contributed so much to these changes in the; long run. The changes affected the developing countries so much in the long run. The great moderation period was also caused by the institutional changes that happened during the time. All these changes on the long run brought about this period that was also marked by the volatility in the various business cycles that were present during that …show more content…
There is also a very important point in the book, “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke. This I that the monetary policies if they are very well managed will be very advantageous to nation. In the book, “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke, he explains that if they are well managed leads to the economic stability in every nation (Ritchie, 2003). This is very advantageous in the long run. However, this alone is not sufficient. Other and more things must be done for the great success of the
Name of student:
Name of institution:
The book “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke has very many topics in it. These topics are very relevant however. One of the topics in this book are the great depression, the great experiment, the great inflation and disinflation, the great moderation, the financial crisis, the great recession and today. These topics are very important in the long run (Ritchie, 2003). They develop the book from the beginning up to the end. In his topics, each one of them talks and discusses of a certain topic. This is very important in the long run. In this case, we find that the “A Century of US Central Banking: Goals, …show more content…
This book as we had discussed above is very important since it addresses everything very well. It shows of this period very clearly. The great moderation period is believed to have been caused by very many things. This is mostly the developed countries that caused this problem (Ritchie, 2003). They caused it indirectly though. This includes the structural changes that happen in the countries. This contributed so much to these changes in the; long run. The changes affected the developing countries so much in the long run. The great moderation period was also caused by the institutional changes that happened during the time. All these changes on the long run brought about this period that was also marked by the volatility in the various business cycles that were present during that …show more content…
There is also a very important point in the book, “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke. This I that the monetary policies if they are very well managed will be very advantageous to nation. In the book, “A Century of US Central Banking: Goals, Frameworks, Accountability” by Ben Bernanke, he explains that if they are well managed leads to the economic stability in every nation (Ritchie, 2003). This is very advantageous in the long run. However, this alone is not sufficient. Other and more things must be done for the great success of the