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Monetary Policy and the Financial Crisis of 2007-2008

CEPR Policy Insight No. 21

Stephen G. Cecchetti

In CEPR Policy Insight No. 21, Stephen Cecchetti provides an account of the financial crisis that began on 9 August 2007 and continued into 2008. It is the story of how the crisis came about and how the Federal Reserve worked to contain the damage.

 
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