Monetary Policy During the Recession of 2007-2009
Posted on May 6, 2009 - Filed Under Central Banks | Leave a Comment
Fed Chairman Ben Bernanke is a student of the Great Depression; many commentators (notably Milton Friedman and Anna Schwartz in A Monetary History of the United States, 1867-1960) believe that the Depression was longer than it would have been had the Fed adopted a more aggressive policy. As the real estate bubble began to unwind [...]
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