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Taylor-Regel und Subprime-Krise - Eine empirische Analyse der US-amerikanischen Geldpolitik

By Alexander Erler and Damir Krizanac


This paper examines the impact of the U.S. monetary policy on the Subprime mortgage crisis using a modified taylor rule. The main finding is that during the pre-crisis period the short term rate deviated significantly from the estimated taylor rate. This deviation may have been a cause of the ongoing financial crisis. However, the evidence also suggests that other factors were certainly at play.

Topics: E58 - Central Banks and Their Policies, E52 - Monetary Policy
Year: 2009
DOI identifier: 10.2139/ssrn.1507143
OAI identifier: oai:mpra.ub.uni-muenchen.de:18604

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