Related Web Links – Module 28 - The Money Market

Monetary Policy and the Financial Crisis:

Opinion, WSJ, February 2009, “How Government Created the Financial Crisis: Research shows the failure to rescue Lehman did not trigger the fall panic,” http://online.wsj.com/article/SB123414310280561945.html.

Opinion, WSJ, September 2009, “The Blob That Ate Monetary Policy: Banks that are 'too big to fail' have prevented low interest rates from doing their job,” http://online.wsj.com/article/SB10001424052748704471504574438650557408142.html.

NYT, September 2009, Krugman, “How Did Economists Get It So Wrong?” http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?pagewanted=all.

Board of Governors of the Federal Reserve System: Speech from Vice Chairman Donald L. Kohn at the Conference in Honor of Dewey Daane, Nashville, Tennessee, April 18, 2009 “Monetary Policy in the Financial Crisis,” http://www.federalreserve.gov/newsevents/speech/kohn20090418a.htm

WSJ opinion, June 2009, “Get Ready for Inflation and Higher Interest Rates, The unprecedented expansion of the money supply could make the '70s look benign,” http://online.wsj.com/article/SB124458888993599879.html. 

 “Inflation and Monetary Policy in Extraordinary Times,” by Eric S. Rosengren, President & Chief Executive Officer, The Greater Boston Chamber of Commerce: Financial Services Forum, Boston, MA, October 2, 2009, http://www.bos.frb.org/news/speeches/rosengren/2009/100209.pdf.