Ben Bernanke

There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

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“There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that … Read more

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

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“If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

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“Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares … Read more

Education – lifelong education for everyone – from toddlers to workers well advanced in their careers – is indeed an excellent investment for individuals and society as a whole.

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“Education – lifelong education for everyone – from toddlers to workers well advanced in their careers – is indeed an excellent investment for individuals and society as a whole.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

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“The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.

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“A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

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“[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

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“A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 … Read more

I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.

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“I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.”   Ben Bernanke Help us to share this great article. Your friends will … Read more

The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

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“The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

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“Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.”   … Read more

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

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“The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

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“The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is … Read more

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.

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“Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.”   Ben … Read more

The GSEs are adequately capitalized. They are in no danger of failing.

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“The GSEs are adequately capitalized. They are in no danger of failing.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.

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“If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.”   Ben Bernanke Help us to share … Read more

Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.

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“Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

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“In the future, my communications with the public and with the markets will be entirely through regular and formal channels.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix

Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices…We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

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“Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices…We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an … Read more

The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.

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“The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.”   Ben Bernanke Help us to share this great article. Your friends will appreciate it! 0shares Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix