Originally aired live in March, we are re-running the four-part lecture series presented at George Washington University by Federal Reserve Chairman Ben S. Bernanke. Today we will revisit part four of the series, "The Aftermath of the Crisis".
In March 2012, Chairman Ben S. Bernanke delivered a four-part lecture series about the Federal Reserve and the financial crisis that emerged in 2007. The series began with a lecture on the origins and missions of central banks, followed by a lecture that discussed the role and actions of the Federal Reserve in the period after World War II. In the final two lectures, the Chairman reviewed some of the causes of, and policy responses to, the recent financial crisis, focusing specifically on the actions of the Federal Reserve.
The lectures were offered as part of an undergraduate course at the George Washington University School of Business.
On-demand video, transcripts, and presentation slides are available for each lecture.
Lecture 1: Origins and Mission of the Federal Reserve
Lecture 2: The Federal Reserve after World War II
Lecture 3: The Federal Reserve's Response to the Financial Crisis
Lecture 4: The Aftermath of the Crisis
In the fourth lecture, the Chairman discusses the monetary policy responses to the recession, the sluggish recovery from it, the changes in financial regulation that followed the crisis, and the implications of the crisis for central bank practice in the future.