Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis

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Hoover Press, Sep 1, 2013 - Political Science - 92 pages
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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.
 

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User Review  - jzdro - LibraryThing

John B. Taylor of impeccable credentials provides a short sharp explanation of the misdiagnosis of liquidity problems for uncertainty. The delivery is dispassionate, while the import is devastating ... Read full review

Contents

What Prolonged the Crisis
15
What Went Right in the Two Decades
31
Why a Black Swan Landed in
45
Epilogue
61
References
77
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About the author (2013)

John B. Taylor is the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University.

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