Economia
A orígem da crise financeira
John B. Taylor:
"... My research shows that government actions and interventions -- not any inherent failure or instability of the private economy -- caused, prolonged and dramatically worsened the crisis.
The classic explanation of financial crises is that they are caused by excesses -- frequently monetary excesses -- which lead to a boom and an inevitable bust. This crisis was no different: A housing boom followed by a bust led to defaults, the implosion of mortgages and mortgage-related securities at financial institutions, and resulting financial turmoil.
Monetary excesses were the main cause of the boom..." --
http://online.wsj.com/article/SB123414310280561945.html
Background analysis: http://www.stanford.edu/~johntayl/FCPR.pdf
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Política Monetária Americana
Monetary Policy During Ben Bernanke’s Time at the Fed
Posted on January 31, 2014 by John Taylor
Like many monetary economists, I’ve recently been approached by reporters and commentators to say a few words about monetary policy...
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O Caminho Da Crise
Bailout economics – two decades of monetary excesses
1987 Stock market crash
1988-90 Savings and Loan crisis
1990 Stock market “mini-crash”
1990-91 Gulf War I
1990-91 US mini-recession
1994 Mexican peso crisis
1997 Asian financial crisis...
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As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...
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Fase Crítica Da Política Monetária
May 13 (Bloomberg) -- The Federal Reserve may soon need to raise interest rates, said John Taylor, the former Treasury official who devised the “Taylor Rule,” a formula for rate- setting based on the outlook for inflation and growth.
“My calculation...
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Economics One
É o novo blog do John Taylor. A respeito da controvérsia sobre a "falência da teoria macroeconômica", iniciada pelo Paul Krugman, Taylor comenta: "In my view, the financial crisis does not provide any evidence of a failure of modern economics. Rather...
Economia