Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis - Taylor, John B.
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What caused the current financial crisis? Waht prolonged it? What dramatically worsened it more than a year after it began? John Taylor draws on powerful research conducted durig the past two years and concludes that specific government actions and interventions should be first on the list of answers. In this book he explains how government got off track by deviating from sound principles fot setting interest rates that had worked well for twenty years - an action responsible for accelerating the housing boom and ultimately leading to the housing bust, foreclosures, defaults, and toxic assets…mehr

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Produktbeschreibung
What caused the current financial crisis? Waht prolonged it? What dramatically worsened it more than a year after it began? John Taylor draws on powerful research conducted durig the past two years and concludes that specific government actions and interventions should be first on the list of answers. In this book he explains how government got off track by deviating from sound principles fot setting interest rates that had worked well for twenty years - an action responsible for accelerating the housing boom and ultimately leading to the housing bust, foreclosures, defaults, and toxic assets on the balance sheets of financial institutions. With no boom there would have been no bust.
Autorenporträt
John B. Taylor is the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University.