What is the name of the doctrine proposed by Bernanke?
Bernanke doctrine
Keynesian doctrine
Smithian doctrine
Friedman doctrine
Answer
The Bernanke doctrine, named after former US Federal Reserve Chair Ben Bernanke, advocates for central banks to provide extraordinary support to the economy during times of financial stress. This may involve unconventional measures such as quantitative easing, where the central bank purchases large quantities of financial assets to increase the money supply and boost economic activity.
The Bernanke Brainiac: How Well Do You Know Ben Bernanke?
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