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The Great Recession

In: A Comparative History of Central Bank Behavior

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Abstract

The Great Recession was a result of the Fed's mismanagement of another housing bubble in accordance with its three-decade practice of bailing out troubled financial institutions in such a way as to impede private solutions and increase fear and uncertainty throughout the financial markets.

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  • ., 2022. "The Great Recession," Chapters, in: A Comparative History of Central Bank Behavior, chapter 8, pages 192-223, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21729_8
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