Ben Bernanke
Ben Bernanke
Ben Shalom Bernankeis an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave...
NationalityAmerican
ProfessionPolitician
Date of Birth13 December 1953
CityAugusta, GA
CountryUnited States of America
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
Different countries have different kinds of financial structures.
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
Community development has a long history of innovation and learning from experience.
China is growing very quickly and is clearly becoming an important player in the world economy.
Certainly, 9 percent unemployment and very slow growth is not a good situation.
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.
Unfortunately there's nothing, really, that can be done that's going to affect energy prices or gasoline prices in the very short run.
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.
Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut,