Conversations on Growth, Stability and Trade
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Conversations on Growth, Stability and Trade

An Historical Perspective

Brian Snowdon

This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the ‘Great Depression’, the ‘Great Peacetime Inflation’, the conduct of stabilisation policy, international economic integration and globalisation.
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Ben Bernanke

Brian Snowdon


Ben Bernanke was born in 1953, in Augusta, Georgia, USA. He received his BA in economics from Harvard (1975) summa cum laude, and holds a PhD in economics from MIT (1979). From 1979 until 1985 Ben Bernanke was Assistant Professor then Associate Professor of Economics at the Stanford Graduate School of Business before moving to Princeton University where he is now Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and, since 1996, Chair of the Department of Economics. He is currently Director of the Monetary Economics Program at the National Bureau of Economic Research where he has also acted as co-editor of the NBER Macroeconomics Annual. Professor Bernanke is a leading macroeconomist who has contributed extensively to the literature on business cycles, monetary policy, the role of financial markets in economic fluctuations, inflation targeting and the economics of the Great Depression. Among his numerous publications his best known include: ‘Non-monetary effects of the financial crisis in the propagation of the Great Depression’, American Economic Review (June, 1983); ‘Employment, hours, and earnings in the depression: An analysis of eight manufacturing industries’, American Economic Review (March, 1986); ‘Agency costs, net worth and business fluctuations’ (with Mark Gertler), American Economic Review (March, 1989); ‘Financial fragility and economic performance’ (with Mark Gertler), Quarterly Journal of Economics (February, 1990); ‘Pro-cyclical labour 197 198 Interviews productivity and competing theories of the business cycle: Some evidence from inter-war US manufacturing industries’ (with Martin Parkinson), Journal of Political Economy (June, 1991); ‘The gold standard,...

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