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Karnit Flug

Karnit Flug is Deputy Governor of the Bank of Israel and formerly Director of the Bank of Israel Research Department.

Titles by This Editor

Lessons for Central Bankers

The recent financial crisis shook not only the global economy but also conventional wisdom about economic policy. After the collapse of Lehman Brothers in September 2008, policy makers reversed course and acted on an unprecedented scale. The policy response was remarkable both for its magnitude and for the variety of measures undertaken. This book examines both the major role central banks played in the crisis and the role they might play in preventing or preparing for future crises.