Your search:Books»Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis(11 available copies)
Binding: Hardcover
Publisher: Hoover Inst Pr
Date Published: 2009-03-01
ISBN-13:9780817949716ISBN:0817949712
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780817949716. read more
Binding: Hardcover
Publisher: Hoover Institution Press
Date Published: 2009
ISBN-13:9780817949716ISBN:0817949712
Description: New. No dust jacket as issued. Sewn binding. Paper over boards. With dust jacket. 92 p. Contains: Illustrations. Audience: General/trade. read more
"A middling tirade against the Fed. Taylor's self-referencing ("if only the Fed had followed the Taylor rule") is simplistic and biased. No doubt there is some truth to his research, but pinning the entire financial crisis on government institutions does not add particularly constructive thoughts to the dialogue.
Easy reading, refreshingly clear prose from an economist."
"More of a bound monograph than a book, this can easily be read in one sitting. The timeliness of the authors' research and conclusions ensure that you will do so.
The author is the creator of the so-called Taylor Rule that once served as both a valuable normative and predictive measure of Fed behavior. In this brief work, the author sets out to show how this crisis has been fundamentally misunderstood as a liquidity crisis rather than the actual counterparty risk crisis that it is.
Readers will be enlightened by the incisive research and logical reasoning present here. They will not, however, feel any warmer about the news headlines of today, as the Federal Reserve continues to compound our problems while the Treasury refuses to come to grips with them.
This is highly recommended for any student of the current economic crisis."
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