Taylor-Regel und Subprime-Krise - Eine empirische Analyse der US-amerikanischen Geldpolitik

Taylor Rule and the Subprime Crisis - An Empirical Analysis of the US Monetary Policy

Alexander Erler and Damir Krizanac ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the impact of the U.S. monetary policy on the Subprime mortgage crisis using a modified taylor rule. The main finding is that during the pre-crisis period the short term rate deviated significantly from the estimated taylor rate. This deviation may have been a cause of the ongoing financial crisis. However, the evidence also suggests that other factors were certainly at play.

Keywords: Geldpolitik; Taylor-Regel; Subprime-Krise; Fed (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2009-11-13
New Economics Papers: this item is included in nep-ger and nep-mac
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https://mpra.ub.uni-muenchen.de/18604/1/MPRA_paper_18604.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/19045/3/MPRA_paper_19045.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18604

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