Search results
-
How the World Works: A Brief Course in Macroeconomics--And Where the Fed Fits In
Harris, Ethan S.Book Chapter HBS-7621BC-EFinanceEven to investment professionals, macroeconomics can seem like a bewildering array of competing models. But, in the economic and policy debate at the Fed, a relatively simple framework tends to dominate discussion. In this chapter, leading economist, Ethan Harris, lays out how the Fed fits into the broader economic and financial market environment. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Constrained Discretion: Bernanke's Quest for an Inflation Target
Harris, Ethan S.Book Chapter HBS-7627BC-EFinanceOne of the hot topics in monetary economics is whether policy makers should be constrained by rules or use discretion. Advocates of discretion argue that the Fed should react to developments in the economy using its best judgment at the time. By contrast, rules advocates argue that policy makers are not very adept at managing the economy, that they are influenced by politicians, and that they may pursue policies that boost economic performance in...Starting at €8.20
-
Cultivating Compliance for Strategic Strength: Mastering the Legal Aspects of Business
Bagley, Constance E.Book Chapter HBS-8153BC-ECompliance with the law is just the baseline for winning legally in business. This chapter shows how managers can practice what the author calls "strategic compliance management," which goes beyond mere compliance with the law to embrace organizational integrity and to seek out and exploit business opportunities provided by regulation and deregulation. This chapter is excerpted from "Winning Legally: How to Use the Law to Create Value, Marshal R...Starting at €8.20
-
Using Contracts to Define and Strengthen Relationships: Mastering the Legal Aspects of Business
Bagley, Constance E.Book Chapter HBS-8155BC-EThis chapter identifies the web of relationships inherent in any business, and explains how managers can structure contracts to define and strengthen relationships by increasing predictability, allocating risk and reward, creating and retaining options, and aligning incentives. This chapter is excerpted from "Winning Legally: How to Use the Law to Create Value, Marshal Resources, and Manage Risk."Starting at €8.20
-
Capturing the Value of Intellectual Capital: Mastering the Legal Aspects of Business
Bagley, Constance E.Book Chapter HBS-8157BC-EThe ability to use intellectual property laws to capture the value of the firm's inventions, proprietary information, and other intangible assets is a key strategic advantage. This chapter shows managers how to use patents, copyrights, trade secrets, and trademarks both offensively and defensively. This chapter is excerpted from "Winning Legally: How to Use the Law to Create Value, Marshal Resources, and Manage Risk."Starting at €8.20
-
It's All About the Benjamin: An Early Look at the New Fed Chairman
Harris, Ethan S.Book Chapter HBS-7570BC-EFinanceThe chair of the Federal Reserve is often described as the second most powerful job in America. By pushing interest rates up and down, the Fed can send ripples throughout global capital markets. Just by hinting at fed action, the chair can make or break a day in the international financial markets. Yet the new Fed chair, Ben Bernanke, remains something of a mystery to investors and the press. This chapter takes a brief look at who Alan Greenspan'...Starting at €8.20
-
Secrets of the Temple: Demystifying the Fed
Harris, Ethan S.Book Chapter HBS-7622BC-EFinanceAlthough the Fed was historically an institution cloaked in secrecy, today, there are no secrets when it comes to day-to-day operations. This chapter looks at how the Fed manages the economy, exploring the complicated decision structure, how changes in the interest rates the Fed controls work their way into the economy, how uncertainty affects policy choices, and how the Fed deals with supply shocks. This chapter is excerpted from "Ben Bernanke'...Starting at €8.20
-
Declaration of Independence: The Political Economy of Central Banking
Harris, Ethan S.Book Chapter HBS-7623BC-EFinanceWhy do so many economists favor an independent central bank? What are the evolving political pressures on the Fed? What are the prospects and pressures for Bernanke, its new chairman? This chapter answers these questions as it looks at the political economy of central banking. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Greenspan, an Enviable Record: Greenspan's Successes as Fed Chairman
Harris, Ethan S.Book Chapter HBS-7625BC-EFinanceIn the latter half of his Fed chairmanship, Greenspan was considered the rock star of the economic and financial world. This chapter looks at the successes that propelled him to iconic status. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20
-
Depression Obsession: How the Great Depression Informs Bernanke's Thinking
Harris, Ethan S.Book Chapter HBS-7628BC-EFinanceModern central banking is defined by two big policy mistakes of the last century: the Great Depression of the 1930s and the Great Inflation of the 1970s. Ben Bernanke's academic research has focused heavily on the Great Depression, which clearly informs his current policy outlook and his crusade against deflation. This chapter is excerpted from "Ben Bernanke's Fed: The Federal Reserve After Greenspan."Starting at €8.20