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

• Record Nr.: UNINA9910962799303321
• Autore: Taylor John B
• Pubbl/distr/stampa: Stanford, Calif., : Hoover Institution Press, c2009
• ISBN: 9780817949730; 0817949739; 9780817949785; 081794978X
• 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.