Friday 23 October 2015

The book titled The Courage to Act – A Memoir of a Crisis and Its Aftermath authored by Ben S. Bernanke was released in the first week of October 2015. The author throug3h the book has questioned the inflation targeting policy followed by Federal Reserve even during the recession and in turn has proposed the adoption Nominal Gross Domestic Product (NGDP) policy to better deal with recessions like 2008 Financial Crisis. The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response.

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