Published by Harvard Business Press. 2008. Just out to the readers.
In these turbulent times, how can we interpret Bernanke's actions - and gauge their impact on our investment, and the world? My comment: He is the most powerful economist who had academic background with the wise judgment of a scholar to manage US monetary policy. Let us wait and see the upcoming happenings. In the Model of Keynesian Cross,there are inflationary and recessionary gaps that can hardly be the optimum. Perhaps Irving Fisher's "Quantity Theory of Money" would do the trick? Who really knows?(sic) Cf. Atlantic Economic Journal back issue for such topic. Economics is about the folks in the world with changes and choices as the basic understanding of Economics.
Author Harris is Lehman Brothers' Chief US Economist, demystifies the policy choices and pronouncements of the FED chair - and explains how they influence the global economy.
How do Bernanke's studies of the Great Depression inform his policy decisions? Why does he seem to have so much trouble communicating with the markets? How is he handling the housing crisis? And how will he manage the next asset price bubble? Understanding Bernanke beyond the headlines is critical to predicting business and financial trends. It would be the human judgment in the positive or negative scenarios.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics. August 30, 2008
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