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- Created 2012-02-26
Ben Shalom Bernanke
(bərˈnæŋki, born December 13, 1953) is an American economist and currently
of the United States. During his tenure as chairman, Bernanke has overseen the Federal Reserve's response to the
late-2000s financial crisis
Before becoming Federal Reserve chairman, Bernanke was a tenured professor at
and chaired the department of economics there from 1996 to September 2002, when he went on public service leave. From 2002 until 2005, he was a member of the
Board of Governors of the Federal Reserve System
, proposed the
, and first discussed "the
"—the theory that traditional business cycles have declined in volatility in recent decades through structural changes that have occurred in the international economy, particularly increases in the economic stability of developing nations, diminishing the influence of macroeconomic (monetary and fiscal) policy.
Bernanke then served as chairman of President
George W. Bush
's Council of Economic Advisers before President Bush appointed him on February 1, 2006, to be chairman of the United States
. Bernanke was confirmed for a second term as chairman on January 28, 2010, after being re-nominated by President
from Wikipedia (last updated: 23 May), licensed under
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Bernanke Papers and Sources
"A Crash Course for Central Bankers"
Bernanke's "printing press" speech
"Skills, Ownership, and Economic Security"
2008–2009 Keynesian resurgence
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