How much money will Bernanke receive as advance for his book?

Then there are all the jostling’s over the rescue of financial institutions (that should be the boring part of the book) and how the Fed avoided a second Great Depression.

I wonder if Bernanke will conclude that “non-monetary” forces were responsible for the big fall in employment and depressed state of output that characterizes his tenure.

That wouldn´t surprise me. He has done it before regarding the Great Depression with his famous article “Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression”.

Read the whole article here.

About the Author

Victor Jimenez
London contributor at thecorner.eu, reporting about the City and the Eurozone economies. He regularly writes for Spanish newspaper group Prensa Ibérica--some of his features include shared work with journalists of The Daily Telegraph and the BBC.

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