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  • November 2013 (Revised August 2015)
  • Case
  • HBS Case Collection

Janet Yellen and the Bernanke Fed

By: Matthew Weinzierl and Katrina Flanagan
  • Format:Print
  • | Language:English
  • | Pages:23
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Abstract

The unelected Federal Reserve Chairman exerts exceptional influence over the U.S., in fact global, economy. As Janet Yellen prepared to take over the position, she would look back on Chairman Bernanke's tenure during the Great Recession. During that time, Bernanke was attacked by critics from both the left and the right for guiding monetary policy into dangerous territory. Their criticisms echoed arguments Bernanke himself had made with regard to past downturns in Japan and Europe. Were the critics right, or was the Bernanke Fed charting a wise middle course?
Instructors may also obtain a Teaching Note, written by this case's author, that provides suggestions for using this case effectively in the classroom.

Keywords

Monetary Policy; Nominal Rigidity And Aggregate Demand/Aggregate Supply; Phillips Curve; Taylor Rule; Central Bank Independence; Central Banking; Money; Policy; Financial Crisis; Power and Influence; Banking Industry; Public Administration Industry; United States

Citation

Weinzierl, Matthew, and Katrina Flanagan. "Janet Yellen and the Bernanke Fed." Harvard Business School Case 714-030, November 2013. (Revised August 2015.)
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About The Author

Matthew C. Weinzierl

Business, Government and the International Economy
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Related Work

    • November 2013 (Revised August 2015)
    • Faculty Research

    Janet Yellen and the Bernanke Fed

    By: Matthew Weinzierl and Katrina Flanagan
    • November 2015
    • Faculty Research

    Janet Yellen and the Bernanke Fed

    By: Matthew C. Weinzierl
Related Work
  • Janet Yellen and the Bernanke Fed By: Matthew Weinzierl and Katrina Flanagan
  • Janet Yellen and the Bernanke Fed By: Matthew C. Weinzierl
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