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The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong

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  • John B. Taylor

Abstract

This paper is an empirical investigation of the role of government actions and interventions in the financial crisis that flared up in August 2007. It integrates and summarizes several ongoing empirical research projects with the aim of learning from past policy. The evidence is presented in a series of charts which are backed up by statistical analysis in these research projects.

Suggested Citation

  • John B. Taylor, 2009. "The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong," NBER Working Papers 14631, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:14631
    Note: EFG IFM ME
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    File URL: http://www.nber.org/papers/w14631.pdf
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    More about this item

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • G01 - Financial Economics - - General - - - Financial Crises

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