Franklin

Stewards of the market : how the Federal Reserve made sense of the Financial Crisis / Mitchel Y. Abolafia.

Author/Creator:
Abolafia, Mitchel author.
Publication:
Cambridge, Massachusetts : Harvard University Press, 2020.
Format/Description:
Book
215 pages ; 25 cm
Edition:
First.
Status/Location:
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Subjects:
United States. Federal Open Market Committee.
Board of Governors of the Federal Reserve System (U.S.).
United States -- Economic conditions -- 2001-2009.
United States -- Economic policy -- 2001-2009.
United States -- Economic policy -- 2009-.
Economic history.
Economic policy.
United States.
Summary:
"Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"-- Provided by publisher.
Contents:
Introduction: Making sense of a crisis
No crystal ball: August 2007
Textures of doubt: September-December 2007
A learning moment? January 2008
Improvising in a liquidity crisis: March 2008
Contested frames / competing logics: April-August 2008
Accounting for a liquidity crisis: September 2008
Learning after Lehman: September-December 2008
The pathos and irony of technocratic control.
Notes:
Includes index.
ISBN:
9780674980785
0674980786
OCLC:
1111382270