Economia
The author tells how unusually easy monetary policy helped set the crisis in motion, as interest rates at the Federal Reserve and several other central banks deviated from historical regularities. He explains monetary interaction with the subprime mortgage problem, showing how the use of these mortgages, especially the adjustable-rate variety, led to excessive risk taking. In the United States this was encouraged by government programs designed to promote home ownership, a worthwhile goal but overdone in retrospect. Looking ahead, the author suggests a set of principles to follow to prevent misguided actions and interventions in the future.
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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- Nobel Prize In Economic Sciences 2009 - Thomson Reuters
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Economia
A orígem da crise financeira global - John Taylor
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.
Leia mais
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- Nobel Prize In Economic Sciences 2009 - Thomson Reuters
2009 - NOBEL PREDICTIONS IN ECONOMIC SCIENCES: ERNST FEHRProfessor and Director of the Institute for Empirical Research in Economics, University of Zurich, Zurich, Switzerland • Winner of the 2004 Cogito Prize of the Cogito Foundation and the 2008 Marcel...
- John Taylor Fala Sobre Hayek E A Macroeconomia
John Taylor, best known for formulating the Taylor rule, spoke at Duke University on Wednesday, April 10, as part of the Hayek Lecture series. The lecture was titled "Why We Still Need to Read Hayek." Professor Taylor's most recent books are Bankruptcy...
- 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...
- 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...
- O Papel Do Governo Em Criar A Crise Financeira
How Government Created the Financial Crisis Research shows the failure to rescue Lehman did not trigger the fall panic. By JOHN B. TAYLOR Many are calling for a 9/11-type commission to investigate the financial crisis. Any such investigation should...