Excerpt
Excerpt
The Simple Analytics of Monetary Policy: A Post-Crisis Approach. Benjamin Friedman, January 2013, Paper. "The financial crisis that struck most of the world’s advanced industrialized economies during 2007-09 has presented a major challenge for economists concerned with economic fluctuations, and especially for those interested in the workings of monetary policy. By many measures the crisis constituted the most significant macroeconomic event since World War II. Further, the origin of these events (as the label suggests) was squarely in the financial sector, and the policy actions..." Link verified March 28, 2014