Inside the Fed, Revised Edition

Inside the Fed, Revised Edition

Monetary Policy and Its Management, Martin through Greenspan to Bernanke

By Stephen H. Axilrod

An insider's account of the workings of the Federal Reserve, thoroughly updated to encompass the Fed's action (and inaction) during the recent financial meltdown.

Overview

Author(s)

Summary

An insider's account of the workings of the Federal Reserve, thoroughly updated to encompass the Fed's action (and inaction) during the recent financial meltdown.

Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last fifty years. This new, post-financial meltdown edition offers his assessment of the Fed's action (and inaction) during the crisis and expanded coverage of the Fed in the Bernanke era.

Great leadership in monetary policy, Axilrod says, is determined not by pure economic sophistication but by the ability to push through political and social barriers to achieve a paradigm shift in policy—and by the courage and bureaucratic moxie to pull it off.

Hardcover

Out of Print ISBN: 9780262015622 240 pp. | 6 in x 9 in 2 figures

Paperback

$18.00 T ISBN: 9780262525138 240 pp. | 6 in x 9 in 2 figures