The crisis and the policy response: a speech at the Stamp Lecture, London School of Economics, London, England, January 13, 2009

By Ben S. Bernanke. 2009

259 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fc1ef0e54c5bfafd8754588f089e55fbb0db48d1

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Citations in the corpus

Optimal Interventions in Markets with Adverse Selection (2012, background): “We assume that investors are risk-neutral and we normalize the risk-free rate to 0.”
Fire‐Sale Spillovers and Systemic Risk (2015, unknown): “In the theoretical literature, the first-round price impact is almost always proportional to the amount sold, sometimes with multipliers arising only in subsequent liquidation rounds (Kyle, 1985; Glosten and Harris, 1988; Bertsimas and Lo, 1998; Obizhaeva and Wang, 2013). Quadratic and non-linear co”
Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy (2015, unknown): “…the sake of symmetry we consider the federal funds rate as the measure of monetary policy for the U.S., though the actions by the Federal Reserve in the current crisis were directed towards several markets and implemented through several different mechanisms (Bernanke, 2009, and ECB, 2009).”
Financial crises, bank risk exposure and government financial policy (2012, unknown): “The equations (1, 2, 3, 4, 6, 8, 9, 11, 12, 27, 30, 31, 32, 40, 45, 46, 47, 48) determine the seventeen endogenous variables (Yt, Kt, St, Ct, It, Lt, Zt, Rt+1, qt, νt,μst, μet, xt, Qt, Nt, et, Dt) as a function of the state variables (St−1, Ct−1, It−1, et−1, RtDt−1, RtDgt−1, Sgt−1, At, ψt), together”
Necessity As the Mother of Invention: Monetary Policy after the Crisis (2017, background): “For instance, Ben Bernanke (2009) described what came to be called “QE1” as “credit easing” rather than quantitative easing. 15 The Securities Market Program (SMP), designed to address dysfunctional markets in 2010, resembled QE; but its purchases were sterilized. 16 Work on future forms of QE is un”
The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2011, unknown): “The previous analysis suggests that Bernanke (2009) was right to be skeptical about the effectiveness of “quantitative easing.””
Monetary Policy in Exceptional Times (2012, unknown): “7 See Taylor and Williams (2008), McAndrews, et al. (2008), Wu (2008) and Christensen, et al. (2009).”