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| Name |
Bernanke, Ben S. |
| Location
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The Brookings Institution |
| Primary Field
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Economic Sciences |
 Election Citation
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Ben Bernanke's recent work looks at simulations of the economy to evaluate the effectiveness of new monetary tools, like quantitative easing, and alternative policy frameworks.
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Research Interests
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Ben Bernanke has published on a wide variety of economic issues, including monetary policy, macroeconomics, and economic history. Much of his work has focused on the interaction between financial conditions and the evolution of the macroeconomy. For example, with coauthors, he developed the concept of a financial accelerator, the idea that endogenous changes in the financial conditions of households and banks amplify the business cycle. He has applied these ideas to the study of the Great Depression, arguing that bank failures that constricted credit were an important source of the economic collapse. His work in monetary policy includes studies of the benefits of formal inflation targets, the role of credit in the transmission of policy, and the development of indicators of the stance of policy. His recent work has used simulations of the economy to evaluate the effectiveness of new monetary tools, like quantitative easing, and of alternative policy frameworks, like temporary price level targeting.
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