Fed Power

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Publisher : Oxford University Press
ISBN 13 : 0197573142
Total Pages : 305 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis Fed Power by : Lawrence Jacobs

Download or read book Fed Power written by Lawrence Jacobs and published by Oxford University Press. This book was released on 2021-02-12 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: An eye-opening analysis of the Federal Reserve's massive and unwarranted power in American life and how it favors the financial sector over everyone else. The Federal Reserve, created more than a century ago, is the most powerful central bank in the world. The Fed's power, which derives from its ability to alter the money supply and move interest rates, weighs heavily not only on the US economy, but on the world economy as well. Lawrence R. Jacobs and Desmond King's Fed Power is the first sustained synthesis of the Fed's political role--especially the way in which it uses its power to benefit some interest groups and not others--since the 2008 financial crisis. In this fully updated and revised second edition, Fed Power addresses new developments during Trump's presidency--particularly the Fed's massive and unprecedented injection of liquidity into the US economy following the COVID epidemic-and offers fresh insights on the Fed's outsized role in picking winners and losers in the American economy. King and Jacobs conclude with bold proposals to reform America's financial management to prevent future crises and to restore democratic accountability. A powerful critique of how the Federal Reserve governs the American economy, Fed Power will be essential reading for anyone interested in the role that the Fed's policies have played in increasing economic and racial inequality across both the Obama and Trump presidencies and the new directions pursued by the Biden administration and progressive activists.

The Power and Independence of the Federal Reserve

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691178380
Total Pages : 372 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Power and Independence of the Federal Reserve by : Peter Conti-Brown

Download or read book The Power and Independence of the Federal Reserve written by Peter Conti-Brown and published by Princeton University Press. This book was released on 2017-10-10 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the history, leadership, and structure of the Federal Reserve Bank The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does—and does not—define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals—within and outside of government—shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed—including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation—requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a uniquely clear and timely picture of one of the most important institutions in the United States and the world.

The Federal Reserve System Purposes and Functions

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Author :
Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

The Federal Reserve and Its Founders

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Author :
Publisher : Agenda Publishing
ISBN 13 : 9781911116035
Total Pages : 226 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis The Federal Reserve and Its Founders by : Richard A. Naclerio

Download or read book The Federal Reserve and Its Founders written by Richard A. Naclerio and published by Agenda Publishing. This book was released on 2018 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Richard A. Naclerio investigates the events that surrounded the U.S. Federal Reserve's creation and the bankers, financiers, and economists who shaped its role over the next century. He sheds new light on the making of one of the world's most important financial institutions and how it came to have such crucial national and international influence.

End the Fed

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Publisher : Grand Central Publishing
ISBN 13 : 044656818X
Total Pages : 186 pages
Book Rating : 4.4/5 (465 download)

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Book Synopsis End the Fed by : Ron Paul

Download or read book End the Fed written by Ron Paul and published by Grand Central Publishing. This book was released on 2009-09-16 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve. Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

The Lords of Easy Money

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Author :
Publisher : Simon and Schuster
ISBN 13 : 1982166649
Total Pages : 384 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis The Lords of Easy Money by : Christopher Leonard

Download or read book The Lords of Easy Money written by Christopher Leonard and published by Simon and Schuster. This book was released on 2023-01-10 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.

Advanced Control of Doubly Fed Induction Generator for Wind Power Systems

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119172063
Total Pages : 486 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Advanced Control of Doubly Fed Induction Generator for Wind Power Systems by : Dehong Xu

Download or read book Advanced Control of Doubly Fed Induction Generator for Wind Power Systems written by Dehong Xu and published by John Wiley & Sons. This book was released on 2018-08-14 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the fundamental concepts and advanced modelling techniques of Doubly Fed Induction Generators accompanied by analyses and simulation results Filled with illustrations, problems, models, analyses, case studies, selected simulation and experimental results, Advanced Control of Doubly Fed Induction Generator for Wind Power Systems provides the basic concepts for modelling and controlling of Doubly Fed Induction Generator (DFIG) wind power systems and their power converters. It explores both the challenges and concerns of DFIG under a non-ideal grid and introduces the control strategies and effective operations performance options of DFIG under a non-ideal grid. Other topics of this book include thermal analysis of DFIG wind power converters under grid faults; implications of the DFIG test bench; advanced control of DFIG under harmonic distorted grid voltage, including multiple-loop and resonant control; modeling of DFIG and GSC under unbalanced grid voltage; the LFRT of DFIG, including the recurring faults ride through of DFIG; and more. In addition, this resource: Explores the challenges and concerns of Doubly Fed Induction Generators (DFIG) under non-ideal grid Discusses basic concepts of DFIG wind power system and vector control schemes of DFIG Introduces control strategies under a non-ideal grid Includes case studies and simulation and experimental results Advanced Control of Doubly Fed Induction Generator for Wind Power Systems is an ideal book for graduate students studying renewable energy and power electronics as well as for research and development engineers working with wind power converters.

The Federalist Papers

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Author :
Publisher : Read Books Ltd
ISBN 13 : 1528785878
Total Pages : 420 pages
Book Rating : 4.5/5 (287 download)

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Book Synopsis The Federalist Papers by : Alexander Hamilton

Download or read book The Federalist Papers written by Alexander Hamilton and published by Read Books Ltd. This book was released on 2018-08-20 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classic Books Library presents this brand new edition of “The Federalist Papers”, a collection of separate essays and articles compiled in 1788 by Alexander Hamilton. Following the United States Declaration of Independence in 1776, the governing doctrines and policies of the States lacked cohesion. “The Federalist”, as it was previously known, was constructed by American statesman Alexander Hamilton, and was intended to catalyse the ratification of the United States Constitution. Hamilton recruited fellow statesmen James Madison Jr., and John Jay to write papers for the compendium, and the three are known as some of the Founding Fathers of the United States. Alexander Hamilton (c. 1755–1804) was an American lawyer, journalist and highly influential government official. He also served as a Senior Officer in the Army between 1799-1800 and founded the Federalist Party, the system that governed the nation’s finances. His contributions to the Constitution and leadership made a significant and lasting impact on the early development of the nation of the United States.

The Great Inflation

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Great Inflation by : Michael D. Bordo

Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

The Myth of Independence

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Author :
Publisher : Princeton University Press
ISBN 13 : 069119159X
Total Pages : 301 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Myth of Independence by : Sarah Binder

Download or read book The Myth of Independence written by Sarah Binder and published by Princeton University Press. This book was released on 2019-07-09 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.

Unelected Power

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691196303
Total Pages : 662 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Unelected Power by : Paul Tucker

Download or read book Unelected Power written by Paul Tucker and published by Princeton University Press. This book was released on 2019-09-10 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

The Federal Reserve and the Financial Crisis

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691158738
Total Pages : 144 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Federal Reserve and the Financial Crisis by : Ben Bernanke

Download or read book The Federal Reserve and the Financial Crisis written by Ben Bernanke and published by Princeton University Press. This book was released on 2013-02-24 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects the transcripts of a series of lectures given by Federal Reserve Chairman Ben Bernanke about the 2008 financial crisis as part of a course at George Washington University on the role of the Federal Reserve in the economy.

Model Predictive Control for Doubly-Fed Induction Generators and Three-Phase Power Converters

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Author :
Publisher : Elsevier
ISBN 13 : 0323903231
Total Pages : 246 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Model Predictive Control for Doubly-Fed Induction Generators and Three-Phase Power Converters by : Alfeu Sguarezi

Download or read book Model Predictive Control for Doubly-Fed Induction Generators and Three-Phase Power Converters written by Alfeu Sguarezi and published by Elsevier. This book was released on 2022-01-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Model Predictive Control for Doubly-Fed Induction Generators and Three-Phase Power Converters describes the application of model predictive control techniques with modulator and finite control sets to squirrel cage induction motor and in doubly-fed induction generators using field orientation control techniques as both current control and direct power control. Sections discuss induction machines, their key modulation techniques, introduce the utility of model predictive control, review core concepts of vector control, direct torque control, and direct power control alongside novel approaches of MPC. Mathematical modeling of cited systems, MPC theory, their applications, MPC design and simulation in MATLAB are also considered in-depth. The work concludes by addressing implementation considerations, including generator operation under voltage sags or distorted voltage and inverters connected to the grid operating under distorted voltage. Experimental results are presented in full. - Adopts model predictive control design for optimized induction machines geared for complex grid dynamics - Demonstrates how to simulate model predictive control using MATLAB and Simulink - Presents information about hardware implementation to obtain experimental results - Covers generator operation under voltage sags or distorted voltage

Doubly Fed Induction Machine

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Author :
Publisher : Wiley-IEEE Press
ISBN 13 : 9780470768655
Total Pages : 640 pages
Book Rating : 4.7/5 (686 download)

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Book Synopsis Doubly Fed Induction Machine by : Gonzalo Abad

Download or read book Doubly Fed Induction Machine written by Gonzalo Abad and published by Wiley-IEEE Press. This book was released on 2011-11-01 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will be focused on the modeling and control of the DFIM based wind turbines. In the first part of the book, the mathematical description of different basic dynamic models of the DFIM will be carried out. It will be accompanied by a detailed steady-state analysis of the machine. After that, a more sophisticated model of the machine that considers grid disturbances, such as voltage dips and unbalances will be also studied. The second part of the book surveys the most relevant control strategies used for the DFIM when it operates at the wind energy generation application. The control techniques studied, range from standard solutions used by wind turbine manufacturers, to the last developments oriented to improve the behavior of high power wind turbines, as well as control and hardware based solutions to address different faulty scenarios of the grid. In addition, the standalone DFIM generation system will be also analyzed.

Power, Inc.

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Author :
Publisher : Macmillan
ISBN 13 : 0374151288
Total Pages : 449 pages
Book Rating : 4.3/5 (741 download)

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Book Synopsis Power, Inc. by : David Jochanan Rothkopf

Download or read book Power, Inc. written by David Jochanan Rothkopf and published by Macmillan. This book was released on 2012-02-28 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the world's leading experts on power offers a penetrating look at the rise of private interests and how the struggle among competing capitalism is reordering the global economy.

Federal Preemption of State and Local Law

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Author :
Publisher : American Bar Association
ISBN 13 : 9781590317440
Total Pages : 252 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Federal Preemption of State and Local Law by : James T. O'Reilly

Download or read book Federal Preemption of State and Local Law written by James T. O'Reilly and published by American Bar Association. This book was released on 2006 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preemption is a doctrine of American constitutional law, under which states and local governments are deprived of their power to act in a given area, whether or not the state or local law, rule or action is in direct conflict with federal law. This book covers not only the basics of preemption but also focuses on such topics as federal mechanisms for agency preemption, implied forms of preemption, and defensive use of federal preemption in civil litigation.

Fed Up

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Author :
Publisher : Penguin
ISBN 13 : 0735211655
Total Pages : 338 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Fed Up by : Danielle DiMartino Booth

Download or read book Fed Up written by Danielle DiMartino Booth and published by Penguin. This book was released on 2017-02-14 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”