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View allFormer Fed chairman Ben Bernanke discusses unconventional monetary policies and proposes a new framework for how central banks should manage severe recessions. He also argues for central bank independence to maintain long-term stability and forward-looking credibility. This video is part of PIIE's "Rethinking Macro" video series, recorded at the "Rethinking Macroeconomic Policy Conference" held at PIIE on October 12–13, 2017.