The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
NBER Working Paper No. w14631
32 Pages Posted: 12 Feb 2009 Last revised: 29 Sep 2009
Date Written: January 1, 2009
This paper is an empirical investigation of the role of government actions and interventions in the financial crisis that flared up in August 2007. It integrates and summarizes several ongoing empirical research projects with the aim of learning from past policy. The evidence is presented in a series of charts which are backed up by statistical analysis in these research projects.
JEL Classification: E0, G01
Suggested Citation: Suggested Citation