47 min listen
David Beckworth on Money, Monetary Policy, and the Great Recession
FromEconTalk
ratings:
Length:
64 minutes
Released:
May 30, 2016
Format:
Podcast episode
Description
Was the Financial Crisis of 2008 caused by a crisis in the housing market? Or did the Federal Reserve turn a garden-variety recession into the Great Recession? David Beckworth of Western Kentucky University talks with EconTalk host Russ Roberts about the Fed's response to the recession that began in December of 2007 and worsened in 2008. Beckworth argues that the Fed failed to respond adequately to the drop in nominal GDP by keeping interest rates too high for too long. Beckworth describes what he thinks the Fed should have done and the lessons we should learn going forward to reduce the severity of future downturns.
Released:
May 30, 2016
Format:
Podcast episode
Titles in the series (100)
Barro on Growth: Russ Roberts interviews Robert Barro on the economics of growth, what the developed world can do to help poor people around the world, and the role of US assets and the dollar in world finance. by EconTalk