The influence of monetary policy in united states on sources of global economic crisis in the years 2008…

Adam Balcerzak ()

Acta Universitatis Nicolai Copernici, Ekonomia, 2009, vol. 40, 131-146

Abstract: The aim of the paper is to analyze the sources of current global economic crisis. The following thesis was presented in this article. The main cause of the financial crises in the United States, which have resulted in global recession in the real economy, should be attributed to very expansive monetary policy of the Federal Reserve. The expansionary monetary policy in the reality of ineffectiveness of government in building effective rules of financial market resulted in growing some speculative bubbles in the market of financial assets and real estate market. Bursting of these bubbles has resulted in global recession.

Keywords: monetary expansion; Taylor’s rule; asymmetric monetary policy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkanc:2009:p:131-146

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