Robert L. Hetzel Books
Robert L. Hetzel is a senior economist and research advisor at the Federal Reserve Bank of Richmond.
Known for: The Great Recession: Market Failure or Policy Failure?
Books by Robert L. Hetzel
The Great Recession: Market Failure or Policy Failure?
This book analyzes the causes and consequences of the 2007–2009 financial crisis, arguing that the Great Recession was primarily the result of policy mistakes rather than inherent market instability. Hetzel, an economist at the Federal Reserve Bank of Richmond, examines monetary policy decisions, the role of the Federal Reserve, and the broader macroeconomic environment that led to the downturn.
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Historical Context
Economic stability has always been tied to the character of monetary policy. After World War II, the United States emerged with an ambitious commitment to full employment and stable growth. Yet the Federal Reserve struggled to define its mandate clearly. Through the 1950s and 1960s, policy was domin...
From The Great Recession: Market Failure or Policy Failure?
The Great Moderation
From about 1983 until the mid-2000s, the U.S. economy enjoyed two decades of steady growth and subdued inflation. Economists labeled this era the Great Moderation. It was, to many, definitive proof of the victory of sophisticated monetary management. But I argue in this book that the Great Moderatio...
From The Great Recession: Market Failure or Policy Failure?
About Robert L. Hetzel
Robert L. Hetzel is a senior economist and research advisor at the Federal Reserve Bank of Richmond. He has written extensively on monetary policy, central banking, and the history of economic thought, with a focus on the Federal Reserve’s role in shaping economic cycles.
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Robert L. Hetzel is a senior economist and research advisor at the Federal Reserve Bank of Richmond.
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