Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis
By John B. Taylor. 2009
451 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/dbf5cebbcc9d5e7dbadf19cd802f0636edcbd689
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- M. Chinn
- Hiro Ito
- Barry Eichengreen
- Giovanni Dell'Ariccia
- P. Noord
- Joshua Aizenman
- John H. Cochrane
- Robert Marquez
Citations in the corpus
- Toward a Run-Free Financial System (2014, background): “Taylor (2009) argues persuasively for this view based on detailed analysis of the timing.”
- The Global Financial Crisis: Causes and Cures (2009, unknown): “Monetary policy in the United States was accommodating throughout the 1990s and became aggressively expansionary in the 2000s: nominal interest rates fell below levels indicated by the Taylor rule and in 2003-04 also below inflation (IMF 2007, Taylor 2009, Visco 2009).”
- ECONOMIC POLICY AND THE FINANCIAL CRISIS: AN EMPIRICAL ANALYSIS OF WHAT WENT WRONG (2009, background): “Event Study of the Dramatic Worsening of the Crisis Source: Taylor 2009.”
- Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States (2016, unknown): “…not just the quantity of bank credit.1 Specifically, many hold the view that interest rates were held too low for too long in the run up to the crisis (Taylor (2009)), and that this helped fuel an asset price boom, spurring financial intermediaries to increase leverage and take on excessive risks…”
- Bank Leverage and Monetary Policy's Risk-Taking Channel (2013, unknown): “This relationship is less pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and economic distress.”
- Has the Fed Been a Failure (2012, unknown): “Those who believe, in contrast, that ‘‘luck’’ was no less important a factor in the moderation than it has been in the recent reversal, or who (like Taylor, 2009a) see the subprime crisis itself as a byproduct of irresponsible Fed policy, are unlikely to share Clark’s optimism.”
- Economic crisis in Europe : causes, consequences and responses (2011, background): “the level consistent with a neutral monetary policy stance (Taylor 2009).”