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Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression by Ben S. Bernanke published by NBER (1/1983). This paper examines the effects of the financial crisis of the 1930s on the path of aggregate output…

The real effects of the financial crisis by Ben S. Bernanke published by Brookings, indicated by Alvaro Manoel (09/2018). “Economists both failed to predict the global financial crisis and underestimated its consequences for the broader economy. Focusing on the…

The New Tools of Monetary Policy by Ben S. Bernanke published by American Economic Review (2020).   “To overcome the limits on traditional monetary policy imposed by the effective lower bound on short-term interest rates, in recent years the…

What tools does the Fed have letf? Part3: Helicopdter money by Ben S. Bernanke published by Brookings (4/2016). “Money-financed fiscal programs (MFFPs), known colloquially as helicopter drops, are very unlikely to be needed in the United States in the…

The Fed and fiscal policy by Ben S. Bernanke published by Brookings (1/2017). “As a general matter, Fed policymakers view economic or policy developments through the prism of their economic forecast. Developments that push the forecasted path of the…