Landais, Bernard (2010): The monetary origins of the financial and economic crisis.
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Abstract
Abstract The monetary policy, especially the American one, can be blamed for the remote role (2002-2004) it played in the creation of the speculative bubble which led to a financial crisis. It also has a part of the responsibility through its restrictive direction during the 2004-2006 period; this time, a direction shared by other central banks. Finally, it is more immediately involved through its lack of clear-sightedness and responsiveness in the first months of the recession.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | The monetary origins of the financial and economic crisis |
| Language: | English |
| Keywords: | Economic crisis, Financial crisis, Monetary Policy, Taylor Rule,Taylor gap, Interest Term Spread, Recession |
| Subjects: | E - Macroeconomics and Monetary Economics > E0 - General E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy |
| Item ID: | 23769 |
| Depositing User: | Bernard Landais |
| Date Deposited: | 12 Jul 2010 13:29 |
| Last Modified: | 28 Sep 2019 14:07 |
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| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/23769 |
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