TY  - JOUR
AB  - At what point in the tepid recovery from the global financial crisis should the Fed take a major step in normalizing U.S. monetary policy by greatly reducing its holdings of U.S. Treasury bonds? Federal Reserve Board Chairman Ben Bernanke faced this question in Spring 2012, even as he was concerned that the U.S. economy was on weaker footing than many believed. Suitable for both core and elective MBA courses in global financial markets and international finance, this case examines the risks associated with a policy some would consider monetizing the budget deficit. Students consider the factors behind the current and prospective levels of U.S. long-term interest rates from Bernanke's perspective.
VL  - 
IS  - 
SN  - 2474-7890
DO  - 10.1108/case.darden.2016.000144
UR  - https://doi.org/10.1108/case.darden.2016.000144
AU  - Warnock Francis E.
PY  - 2017
Y1  - 2017/01/01
TI  - Greenspan's Conundrum and Bernanke's Nightmare
T2  - Darden Business Publishing Cases
PB  - University of Virginia Darden School Foundation
SP  - 1
EP  - 23
Y2  - 2024/04/19
ER  -