The Bursting of Europe’s Bubble

Brendan Brown

Chapter 5 in Euro Crash, 2014, pp 123-166 from Palgrave Macmillan

Abstract: Abstract The monetary policies on both sides of the Atlantic responsible for creating and spreading a powerful virus of asset price inflation through 2003–7 and then for adding to the economic and human suffering when the disease progressed to its ultimate phase characterized by steep falls in speculative temperatures (market crashes) may not have fully satisfied the definition of catastrophic. But how far short they were of that benchmark will doubtless long remain a matter for heated debate.

Keywords: Monetary Policy; Federal Reserve; Money Market; Real Estate Market; Government Bond (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37149-2_5

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DOI: 10.1057/9781137371492_5

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