Monetary Policy and the Credit Crunch

3 Pages Posted: 27 Apr 2009

See all articles by Patrick Minford

Patrick Minford

Cardiff University Business School; Centre for Economic Policy Research (CEPR)


This article examines how interest rates should have been changed in response to the commodity price shock and the credit crunch under different assumptions for the decision rules that might be used by central banks.

Suggested Citation

Minford, Patrick, Monetary Policy and the Credit Crunch. Economic Affairs, Vol. 29, Issue 1, pp. 89-91, March 2009. Available at SSRN: or

Patrick Minford (Contact Author)

Cardiff University Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom
+44 29 2087 5728 (Phone)
+44 29 2087 4419 (Fax)

Centre for Economic Policy Research (CEPR)

United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
PlumX Metrics