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  • 21st Century Monetary Policy

  • The Federal Reserve from the Great Inflation to COVID-19
  • By: Ben S. Bernanke
  • Narrated by: George Guidall
  • Length: 16 hrs and 4 mins
  • 4.5 out of 5 stars (2 ratings)

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Summary

A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions. 

In response to the economic impact of the COVID-19 pandemic, the U.S. Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programs like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists, and ordinary citizens alike. Twenty-First Century Monetary Policy demystifies these opaque techniques to reveal how economic ideas, historical events, and political forces have transformed the Fed’s policies over several decades. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Bernanke masterfully examines how the Fed’s policies—and the institution itself—may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change, and polarized politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-listen for anyone interested in understanding modern finance, investments, or U.S. economic policy.

©2022 Ben Bernanke (P)2022 Recorded Books

What listeners say about 21st Century Monetary Policy

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  • Mr. Incognito
  • 18-05-22

don't buy, horrible narration

guy is out of breath. weird cadence, hard to pay attention. I can't get over it. I want my credit back!

2 people found this helpful

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    4 out of 5 stars
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  • Amazon Customer
  • 18-08-22

Unfortunate choice of narrator

Having listened to several of Ben Bernanke's public appearances, I found this narrator's voice and choices of emphasis distracting. They just didn't fit for Bernanke or for the material. This narrator had a soft voice, maybe better suited to history, or storytelling, etc. But not to economics and especially Fed policy arguments.
This difference of tone at times got so distracting that I had to stop. I got through those sections by picturing the words as if they were text scrolling by on a computer screen.
I was very interested to hear Bernanke's reasoning about Fed policies pro and con. After going through this narration, I wish I'd chosen the print book instead of Audible.

1 person found this helpful

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  • Amazon Customer
  • 12-06-22

Needs better narration

The narrator goes to fast and does not enunciate correctly the words. This makes a difficult topic tiring to follow.

1 person found this helpful

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  • Munair
  • 13-09-22

An American Perspective on 21st Century Monetary Policy

Bernanke is an educator and it shows in this work. You don’t need a PhD in Economics to read this book. He teaches you how the economy works and simultaneously gives you an overview of American economic history.

Most importantly, he explains central banking and it’s limitations.

His arguments are very logical and persuasive.

This work is not an exciting read like Liaquat Ahamed’s “Lords of Finance”. However, Bernanke definitely lightens the heavy reading with central banker jokes.

The reader’s voice was difficult for me to understand. I had to rewind many times.

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  • Sharon
  • 13-06-22

Book was great. Narrator’s voice was not.

The book was Interesting and thought provoking. Worth the listen despite the voice of the narrator

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  • Robert D Hunter
  • 12-06-22

Academic and Dry

A thoughtful and comprehensive presentation of the history of the fed and monetary policy. Detailed descriptions of the actions and tools deployed during a variety of crisis from the 1970s to 2020. Understandable and detailed it is a great read for someone doing research on the Fed. Very academic. The reader was bone dry in his narration. Too detailed for someone looking for an overview on the Fed's role in our society over the past 50 years.

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  • Adding
  • 30-05-22

Learn this book before trying to understand News

Captivating from start to finish. Historical development of what worked and what didnt. Whats Next?