10
Glasnost
Democracy Comes to the Fed
Most of the discussion in this book has focused on the substance of policy under Bernanke, but style also matters. In this chapter I explore how the internal workings of the Fed changed under Bernanke. Specifically, I’ll look at how the passing of the mantle from a data junkie to a former academic has changed the economic and policy discussion within the Fed. I also look at the implications of having a less dominant chairman.
REARRANGING THE ECONOMICS TOOLKIT
Over the years a widening gap has developed between academic research and what business economists and policy makers do. Academic research has become ...
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