Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130246
Authors: 
Herr, Hansjörg
Rüdiger, Sina
Pédussel Wu, Jennifer
Year of Publication: 
2016
Series/Report no.: 
Working Paper, Institute for International Political Economy Berlin 65/2016
Abstract: 
This paper studies the actions of the U.S. Federal Reserve Bank (FRB) during the financial crisis from 2007-2012 rating the performance of the Federal Reserve during the crisis. The chosen scoring model approach shows that the average performance of five specific measures taken by the FRB only ranks between fair and good. Comparing Stiglitz (2010) viewpoints with those of the FRB, this paper analyses several policies and events and argues that the resulting decisions were well intentioned but that the outcome was different from expectations because of missing regulations and restrictions. Furthermore, the structure of the FRB is examined and criticized.
JEL: 
E42
E58
G18
E65
Document Type: 
Working Paper

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