Monetary Meddling
Pierre Lemieux
Chapter Chapter 6 in Somebody in Charge, 2011, pp 123-131 from Palgrave Macmillan
Abstract:
Abstract Some readers may be surprised that I have barely mentioned the role of monetary policy in the recent crisis. Anna Schwartz, the NBER economist who wrote the monumental monetary history of the United States with Milton Friedman,2 agrees with most economists that the Fed’s holding down short-run interest rates bears a responsibility in the housing bubble. It is now time to analyze the role of monetary policy in the 2007–2009 recession.
Keywords: Interest Rate; Monetary Policy; Money Supply; Capital Good; Austrian Economist (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11847-8_7
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DOI: 10.1057/9780230118478_7
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