The Financial Crisis and Federal Reserve Policy

Abstract

Financial Crises: An Overview The Nature of Banking Crises The Panic of 1907 and the Savings and Loan Crisis Development of the Housing and Credit Bubbles Bursting of the Twin Bubbles The Great Crisis and the Great Recession of 2007-2009 The Framework of Federal Reserve Monetary Control Federal Reserve Policy in the Great Depression The Federal Reserve's Response to the Great Crisis The Federal Reserve's Exit Strategy and the Threat of Inflation The Taylor Rule and Evaluation of U.S. Monetary Policy Regulatory Reform Proposals