Bernanke's Test: Ben Bernanke, Alan Greenspan, and the Drama of the Central Banker

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Agate Publishing, Mar 1, 2009 - Business & Economics - 256 pages
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The consensus on Alan Greenspan's performance as Fed chair used to be extremely positive, but more and more it's been called into question. Now, 2008 has seen Ben Bernanke in the eye of a storm that was created largely during Greenspan's tenure. His management of the bubble of all bubbles will be a decisive factor in whether this crisis will be limited in its impact on the real economy or whether it directly leads to a major recession. This is Bernanke's Test.

In examining the challenges facing Bernanke, author Johan Van Overtveldt reviews Greenspan's long record as Fed chair, as well as Ben Bernanke's career as an economist prior to replacing Greenspan. The book offers much-needed historical context by exploring the role and reach of the central banker, and how former Fed chairmen — Benjamin Strong, William McChesney Martin, Arthur Burns, and especially Paul Volcker — dealt with the same complex issues Bernanke faces today.
 

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BERNANKE'S TEST: Ben Bernanke, Alan Greenspan, and the Drama of the Central Banker

User Review  - Jane Doe - Kirkus

Should we feel better that the chairman of the Federal Reserve is an authority on the Great Depression?Perhaps so, suggests Belgium-based economist Van Overtveldt (The Chicago School: How the ... Read full review

Bernanke's Test: Ben Bernanke, Alan Greenspan, and the Drama of the Central Banker

User Review  - Not Available - Book Verdict

In this study of the Alan Greenspan and Ben Bernanke Federal Reserve eras, Overtveldt (director, VKW Metena, Belgium) provides insight into the current financial crisis. He says that Greenspan was ... Read full review

Contents

Introduction
9
Part One The Stage Is Set The History of the Fed and the Undertakers RiskManagement Approach
19
Chapter 1 The accidental creation of a powerhouse
23
Chapter 2 Volckers inflationfighting crusade
35
Chapter 3 High praise for a controversial chairman
47
Chapter 4 The education private life and ascent of Alan Greenspan
55
Chapter 5 The principles behind the rules
71
Chapter 6 Avoiding deflationary paralysis
81
Chapter 12 A controversial governor
147
Chapter 13 The subprime crisis sets in
161
Chapter 14 A onceinageneration event
171
Chapter 15 The odd twins
183
Chapter 16 Falling like autumn leaves
193
Chapter 17 Europe collapsing
203
Chapter 18 Crisis drivers
213
Epilogue
233

Chapter 7 Regulatory refusal
89
Chapter 8 Consumption gets out of hand
95
Part Two Ben Bernanke and His Intimate Knowledge of the Great Depression
111
Chapter 9 Bernanke begins
115
Chapter 10 The bubble controversy
133
Chapter 11 A genuine free marketer
139
Acknowledgments
247
Bibliography
249
Endnotes
261
Index
279
9781932841374_textpdf
289
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About the author (2009)

Johan Van Overtveldt, PhD, is the director of the Belgium-based think tank VKW Metena, which works on a breadth of economics-related issues. Formerly editor-in-chief of the Belgian newsmagazine Trends, he has written several books in Dutch, and contributes to the Wall Street Journal Europe and other publications. He is the author of The Chicago School: How the University of Chicago Assembled the Thinkers Who Revolutionized Economics and Business.

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