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

By John B. Taylor. 2009

1,052 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/1928efd0bb04447c268e56fd9a765dad75a07651

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Citations in the corpus

Monetary Policy Rules Work and Discretion Doesn’t: A Tale of Two Eras (2012, neutral): “I have outlined such a strategy in Taylor (2009).”
Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2010, neutral): “Acharya and Richardson (2010), Allen and Carletti (2009), Rajan (2010) and Taylor (2008) suggest that the key contributing factors were an excessive softening of lending standards due to too low levels of short-term (monetary policy) and long-term (government bond) interest rates, a concurrent…”
An Overview of the Crisis: Causes, Consequences, and Solutions (2010, neutral): “Taylor (2008) has argued that this was much lower than in previous U.”
Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09 (2010, neutral): “Taylor (2009) argues that the counterfactual interest rates based on the “Taylor rule” during the period 2002– 2005 far exceeded the low interest rates adopted by the U.S. Federal Reserve after the recession of 2001–2002 (see Figure 4.6).”
Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies (2011, positive): “Their results are more in line with Taylor’s view that loose monetary policy is an important cause of the crisis. Similarly, Jiménez, Ongena, Peydró, and Saurina (2010) consider the impact of short-term interest rates on banks’ risk taking. They use a unique data set from Spain on all loans since 19”
Does Monetary Policy Affect Bank Risk-Taking? (2010, neutral): “Prior successes in taming higher levels of inflation strengthened the support for a large number of monetary authorities to lower interest rates, keeping them below the levels suggested by historical experience (Taylor, 2009).”
The Financial Crisis, Systemic Risk, and the Future of Insurance Regulation (2009, neutral): “1 See, for example, Taylor (2008), Blundell-Wignall, Atkinson, and Lee (2008), Brunnermeier (2009), Schwarcz (2008), and White (2008).”
Exchange rate predictability in a changing world (2014, neutral): “Similarly, Taylor (2009) argues that prior to the Global Financial Crisis the U.S. Federal Reserve conduct of monetary policy was characterized by a non-linear Taylor rule.”
The Psychology of Middle Power: Vertical Code-Switching, Role Conflict, and Behavioral Inhibition (2017, neutral): “An example of a diffuse and highly uncertain threat was the global financial crisis of 2008 (Taylor, 2009; Wolf, 2010).”
The Financial Crisis of 2008 and the Developing Countries (2009, neutral): “What they did instead—aside 4 For recent overviews of the causes and nature of the financial crisis, see Barth (2008), Felton and Reinhart (2008) and Taylor (2009).”
Financial Crises and Bank Failures: A Review of Prediction Methods (2010, neutral): “Taylor [ 9 ] blames \too easy" monetary policy decisions, and the resulting low interest rates”
Lessons from the Great American Real Estate Boom and Bust of the 1920s (2009, neutral): “John Taylor (2009) has been one of its leading critics.”