1.

Record Nr.

UNINA9910815519203321

Autore

Taylor John B

Titolo

Getting off track : how government actions and interventions caused, prolonged, and worsened the financial crisis / / by John B. Taylor

Pubbl/distr/stampa

Stanford, Calif., : Hoover Institution Press, c2009

ISBN

0-8179-4973-9

0-8179-4978-X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (105 p.)

Collana

Hoover Institution Press publication ; ; no. 570

Disciplina

330.973

Soggetti

Financial crises

Global Financial Crisis, 2008-2009 - Government policy - United States

Financial crises - United States

Monetary policy

Mortgages - Government policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Front Cover; Book Title; Copyright; Contents; List of Figures; Preface; 1. What Caused the Financial Crisis; 2. What Prolonged the Crisis; 3. Why the Crisis Worsened Dramatically a Year after it Began; 4. What Went Right in the Two Decades before the Crisis; 5. Why a Black Swan Landed in the Money Market in August 2007; Epilogue; Frequently Asked Questions; References; Acknowledgments; About the Author; Index

Sommario/riassunto

In this concise volume, leading economist John B. Taylor offers empirical research to explain what caused the current financial crisis, what prolonged it, and what dramatically worsened it more than a year after it began. The evidence he presents strongly suggests that specific government actions and interventions are largely to blame and that any future government interventions must be based on a clearly stated diagnosis of the problem and a rationale for the interventions.