Article
Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies
Forum for Social Economics
Document Type
Article
Publication Date
3-1-2010
Pages
279-286
Disciplines
Abstract
The financial crisis of 2007–09 has led to a rethinking of the role of monetary and financial regulatory policy. It has also called into question the benefits of financial innovation and monetary policy that focuses solely on inflation and the output gap. This paper discusses financial instabilities in general, the recent financial crisis as well as the appropriate role of monetary and financial regulatory policy in dealing with asset bubbles. The paper concludes by evaluating appropriate policies to reduce the economic impact of future financial crises.
Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 3.0
Copyright Statement
© Taylor & Francis 2010
Citation Information
Anastasios G Malliaris and Daniels Hayford. "Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies" Forum for Social Economics Vol. 39 Iss. 10 (2010) Available at: http://works.bepress.com/atassos-malliaris/5/
This is an Accepted Manuscript of an article published by Taylor & Francis in the Forum of Social Economics on March, 2010, available online: http://www.tandfonline.com/doi/abs/10.1007/s12143-010-9062-9