The Federal Reserve

Name: The Federal Reserve
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SKU: 9780226821658
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A New History

By Robert L. Hetzel

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4.17

( 12 ratings, 4 reviews)

Summary

The Federal Reserve: A New History by Robert L. Hetzel offers an illuminating history of the Fed from its founding in 1913 through the turbulent events up to 2020. Drawing on more than four decades of experience as a central bank economist, Hetzel traces how the Federal Reserve has influenced the American economy, contrasting periods of economic stabilisation with times of failure. This sweeping account examines pivotal moments such as the Great Depression, the Great Inflation, and the Great Recession, providing critical insights into how these crises might have been avoided. Enriched with archival materials, the book presents a new framework for understanding the Fed’s role throughout its first century and beyond.
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Format: Hardback

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The Federal Reserve

$85⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for students, economists, policymakers, and readers interested in economic history or monetary policy, particularly those seeking a detailed and expert analysis of the Federal Reserve’s century-long impact on the U.S. economy.

Description

An illuminating history of the Fed from its founding through the tumult of 2020.

In The Federal Reserve: A New History, Robert L. Hetzel draws on more than forty years of experience as an economist in the central bank to trace the influences of the Fed on the American economy. Comparing periods in which the Fed stabilized the economy to those when it did the opposite, Hetzel tells the story of a century-long pursuit of monetary rules capable of providing for economic stability.

Recast through this lens and enriched with archival materials, Hetzel’s sweeping history offers a new understanding of the bank’s watershed moments since 1913. This includes critical accounts of the Great Depression, the Great Inflation, and the Great Recession—including how these disastrous events could have been avoided.

A critical history for a critical moment in financial history, The Federal Reserve is an expert, sweeping account that promises to recast our understanding of the central bank in its second century.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Journal of Economic Literature praises Hetzel’s historical narrative of the Federal Reserve's evolving monetary policy and its handling of crises including the 2008 financial collapse and the COVID-19 pandemic. EH.Net describes the book as an ambitious and significant contribution to the history of U.S. monetary policy. Economist Peter highlights how Hetzel skillfully details the Fed’s successes and failures, offering a unified intellectual framework that adds nuance to the understanding of Fed policy before and after 1980.

Book Details

INFORMATION

ISBN: 9780226821658

Publisher: The University of Chicago Press

Format: Hardback

Date Published: 11 January 2023

Country: United States

Imprint: University of Chicago Press

Illustration: 117 line drawings, 24 tables

Audience: Professional and scholarly

DIMENSIONS

Spine width: 53.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 1080g

Pages: 696

Collections

Education & Reference Finance & Economics Finance & Investment Non-Fiction Robert L. Hetzel

About the Author

Robert L. Hetzel is a visiting scholar at the Federal Reserve Bank of Chicago, a senior affiliated scholar at the Mercatus Center at George Mason University, and a fellow in the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University. His most recent books include The Monetary Policy of the Federal Reserve: A History and The Great Recession: Market Failure or Policy Failure?.