Economia
In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanketrenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown -- yet the two episodes had very different economic consequences.
What Bernanke didn’t say was that the reason the Fed, along with every other official forecaster, underestimated the depth of the latest downturn so badly is that its models effectively treated the housing collapse as if it were merely dot-com bust 2.0. And only modest progress has been made toward avoiding that same mistake in the future.
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Economia
Modelo errado do banco central americano
Bad Models Mistook Housing Bust for Dot-Com Bubble
What Bernanke didn’t say was that the reason the Fed, along with every other official forecaster, underestimated the depth of the latest downturn so badly is that its models effectively treated the housing collapse as if it were merely dot-com bust 2.0. And only modest progress has been made toward avoiding that same mistake in the future.
Mais
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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...
- Bancos E O Ciclo De Negócios
BOOM AND BUST BANKING The Causes and Cures of the Great Recession Edited by David Beckworth Congress created the Federal Reserve System in 1913 to tame the business cycle once and for all. Optimists believed central banking would moderate booms, soften...
- 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...
- 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...
- Modelo Errado
Financial meltdown blamed on risk models Web posted at: 2/14/2009 9:20:18 Source ::: FINANCIAL TIMES By Norma Cohen The failure of banks to count, manage and hedge their risks over the past decade is responsible both for the fantastic growth before...