Economic Crisis 2008–09

Articles by date

• Analysing the impact of the Fed’s mortgage-backed securities purchase (January 29, 2010)
  VoxEu.org (Centre for Economic Policy Research)
  by John B. Taylor
  There is an ongoing policy debate about when and at what speed the Federal Reserve Bank should reduce its portfolio of mortgage-backed securities (MBS). . . .
• India holds the keys to success: Niall Ferguson (January 25, 2010)
  Economic Times (India)
  interview with featured guest Niall Ferguson
  The academic historian at Harvard University speaks to ET on the sidelines of the Jaipur Literary Festival. . . .
• Why Niall Ferguson is still bearish (November 24, 2009)
  Globe and Mail (Canada)
  interview with featured guest Niall Ferguson
  Harvard University financial historian Niall Ferguson has climbed to the head of the doom brigade – and the bestseller lists – with his strong views, clear prose and prescient pronouncements about the global financial crisis. . . .
• What Niall Ferguson thinks now (November 23, 2009)
  Globe and Mail (Canada)
  this article features Niall Ferguson
  There's nothing like a long-running equity rally, a return to something resembling normalcy in the credit world and fresh signs of economic recovery to lift the gloom of a dreary late November day. . . .
• Harvard historian sees banks, China dragging down U.S. (November 12, 2009)
  Boston Herald
  this article features Niall Ferguson
  Harvard economic historian Niall Ferguson, whose “The Ascent of Money” book and TV series traced the world’s financial system, last night painted a pessimistic prognosis for U.S. recovery unless the government takes decisive action. . . .
• Lessons learned from the crisis: a view from the US (November 11, 2009)
  Luxembourg for Finance
  interview with featured guest Kenneth E. Scott
  Professor Scott was in the Grand Duchy to speak at the University of Luxembourg on lessons learned from the financial crisis. . . .
• Architects of Ruin (November 10, 2009)
  FrontPage Mag.com
  this article features Peter Schweizer
  this article mentions Thomas Sowell
  With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. . . .
• Geithner Saying Be Like Buffett Can’t Make Banks Lend (November 10, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  U.S. Treasury Secretary Timothy Geithner is echoing billionaire investor Warren Buffett in telling banks “to take a chance again on the American economy.” . . .
• Is the Dollar Dying a Slow Death? (November 6, 2009)
  Time Magazine
  this article includes quotes from Niall Ferguson
  The U.S. dollar seems to have as many lives as a cat. . . .
• G-20 Ministers to Start Setting Timetable for Economic Reviews (November 4, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  Group of 20 finance ministers will start setting a timetable for measures to avoid the kind of lopsided trade and investment flows blamed for contributing to the global crisis, a U.S. Treasury Department official said...
• Strauss-Kahn Sees G-20 Adopting Timeline, Method on Imbalances (November 4, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  International Monetary Fund Managing Director Dominique Strauss-Kahn said he expects finance ministers from Group of 20 nations to adopt a timetable and plan to ensure the next global economic expansion is more balanced...
• We of Little Faith (November 4, 2009)
  Fairfield Weekly (CT)
  interview with featured guest Niall Ferguson
  It's said there are no atheists in foxholes...
• Bush economist: Jobs 'created or saved' figure touted by Obama is meaningless (November 3, 2009)
  Washington Post
  this article features Edward Paul Lazear
  Ed Lazear was the top economic adviser to President George W. Bush and much more of a free-marketer than the president, who ran up massive budget deficits...
• Washington's inconvenient economic truths (November 3, 2009)
  CNN
  this article includes quotes from John B. Taylor
  Now that we're officially (if barely) out of the Great Recession, it's time for our nation's elected officials to get down to serious business -- that of taking credit, assigning blame, and calling each other liars...
• Jobless may need to plan for recession's end (October 30, 2009)
  ABC 7 News (CA)
  this article includes quotes from John Shoven
  From Washington, the government has all but declared the "great recession" over...
• Rogoff, Ferguson Say Global Financial Crisis Is Not Yet Over (October 29, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  The global financial crisis hasn’t ended, said Harvard University professors Kenneth Rogoff and Niall Ferguson, who challenged assertions made by Group of 20 leaders at their meeting in Pittsburgh last month...
• Three Theories on Solving the 'Too Big to Fail' Problem (October 28, 2009)
  Wall Street Journal
  this article mentions George P. Shultz
  The biggest financial crisis in 70 years has bequeathed a to-do list of overwhelming length for bankers, regulators and politicians...
• Panel takes on economy (October 27, 2009)
  Stanford Daily
  this article includes quotes from Caroline M. Hoxby
  The recuperating American economy still requires a structural upgrade, according to the panel of experts gathered for Stanford’s fourth annual Roundtable...
• Innovation will deliver U.S. from recession, experts predict at Stanford's 2009 Roundtable (October 26, 2009)
  Stanford Report
  this article includes quotes from Caroline M. Hoxby
  We have seen the worst...
• Fed's Plosser calls for stricter rules on policy (October 21, 2009)
  Reuters
  this article mentions John B. Taylor
  A top Federal Reserve official said on Tuesday the U.S. central bank needs stricter policies dictating when it should step in with bailouts, saying such measures would have reduced confusion during last year's financial crisis...
• Bank of America Posts Third-Quarter Loss on Defaults (October 16, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  Bank of America Corp., the biggest U.S. lender, posted its second quarterly loss in less than a year, unable to shake off effects of the economic slump that led to two U.S. bailouts...
• Obama Dollar Retreats Most Against Commodities in Wealth Shift (October 14, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  President Barack Obama’s effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets...
• Bullard Says Lower Unemployment Condition to Tighten (October 13, 2009)
  Bloomberg
  this article mentions John B. Taylor
  Federal Reserve Bank of St. Louis President James Bullard said a falling unemployment rate is a precondition for an increase in the benchmark interest rate from near zero...
• So How Is the Stimulus Working Out? (October 9, 2009)
  American Enterprise Institute
  this article includes quotes from Robert J. Barro
  Give us money, and we’ll give you jobs...
• Obama plan stirs little (October 8, 2009)
  Washington Times
  this article includes quotes from Robert J. Barro, Michael J. Boskin, John F. Cogan, and John B. Taylor
  Harvard economist Robert Barro expressed disbelief earlier this year when President Obama and his advisers forecast that his economic stimulus program would create or save 4 million jobs...
• Not much bang for our bucks (October 8, 2009)
  Northwest Florida Daily News
  this article includes quotes from John F. Cogan and John B. Taylor
  With the economy showing slight signs of life, liberal pundits are crowing that the Obama administration’s stimulus package is working...
• Stop the stimulus (October 8, 2009)
  National Post (Canada)
  this article includes quotes from John B. Taylor
  The New York Times columnist and economist Paul Krugman recently congratulated the Obama administration for helping pull the U.S. “back from the brink” with its stimulus measures...
• Much ado about multipliers (October 7, 2009)
  Economist
  this article mentions John F. Cogan and John B. Taylor
  IT IS the biggest peacetime fiscal expansion in history...
• Stimulus' impact disputed (October 6, 2009)
  Washington Times
  this article includes quotes from Michael J. Boskin and John F. Cogan
  The nation's nearly 10 percent unemployment rate has raised fresh doubts about the impact of President Obama's $787 billion stimulus plan, with some economic analysts arguing there is little or no evidence that it has helped create or preserve the millions of jobs Mr. Obama promised...
• And You Say Conservatism Is Dying? (October 6, 2009)
  Creators Syndicate
  this article mentions John F. Cogan and John B. Taylor
  Strangely, chatter about the "death of conservatism" is circulating this fall. I say "strangely" because we are in the midst of the greatest left/liberal moment in living memory...
• Look to China for economic balance (October 6, 2009)
  National (United Arab Emirates)
  this article includes quotes from Niall Ferguson
  Not too long ago the observation that one in six people in the world was a Chinese peasant might have served as a conversational icebreaker at parties for economists...
• The share surge looks overdone (October 5, 2009)
  Business Spectator (Australia)
  this article mentions John F. Cogan and John B. Taylor
  On its own, the 4 per cent fall in US share prices over the last two weeks, following such a big rise, would not be cause for any concern...
• G-7 Avoids Dollar Criticism, Warns Against Volatility (October 5, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  Group of Seven finance chiefs stopped short of singling out the weaker dollar for criticism and stuck to their mantra that “disorderly” swings in currencies threaten economic growth...
• Trichet, Lagarde Push China to Let Currency Gain Against Euro (October 5, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  European Central Bank President Jean- Claude Trichet led the region’s finance chiefs in pushing China to let the yuan strengthen amid mounting concern the euro is shouldering too much of the burden of a sliding dollar...
• Talk on economic 'exit strategies' dominates IMF meetings (October 5, 2009)
  Globe and Mail (Canada)
  this article includes quotes from Niall Ferguson
  It’s the issue the world’s leading economic policy makers and thinkers are talking about...
• Big government a plague to growth (October 2, 2009)
  Australian
  this article features Edward Paul Lazear
  A TOP US economist has questioned whether economic stimulus packages work, saying they struggle to achieve in the short term and tend to cause damage in the long run...
• Reserve set to lift growth forecasts (October 2, 2009)
  Age (Australia)
  this article mentions Edward Paul Lazear
  THE Reserve Bank is set to lift its growth forecasts again within weeks, as evidence increases that the global economy is recovering faster than expected...
• Defusing the economic big bang theory (September 24, 2009)
  Gaston Gazette (NC)
  this article includes quotes from John F. Cogan and John B. Taylor
  With the economy showing some slight signs of life, liberal pundits are crowing that the Obama administration’s stimulus package is working...
• Fed May Signal Economic Recovery Has Begun, Affirm Low Rates (September 23, 2009)
  Bloomberg
  this article mentions John B. Taylor
  Federal Reserve officials may signal that the U.S. economy has started to recover while maintaining their pledge to keep the benchmark interest rate near a record low for an “extended period.”...
• Last tango in Chimerica: the road to Splitsville (September 23, 2009)
  Daily News and Analysis (India)
  this article features Niall Ferguson
  The 'marriage' between the economies of frugal, savings-conscious China and spendthrift America is set for an imminent divorce, with profound implications for the two countries and the rest of the world, say economic historians and analysts...
• ‘China’s unofficial empire’, as perceived by Niall Ferguson (September 22, 2009)
  Asian Investor (Hong Kong)
  this article features Niall Ferguson
  "We're in a period of transition of great powers becoming weak powers," said Professor Niall Ferguson in the keynote speech at the CLSA conference in Hong Kong yesterday...
• Is The Stimulus Working? (September 22, 2009)
  National Journal
  by Charles Calomiris
  this article mentions John F. Cogan and John B. Taylor
  As time goes by and data piles up, the debate is heating up over whether President Obama's $787 billion stimulus bill is responsible for the apparent improvement in the economy...
• Recession winners: historians and hedge funds (September 22, 2009)
  Bloomberg
  this article mentions Niall Ferguson
  That’s it, then...
• Democrats on path to repeat housing disaster (September 22, 2009)
  Washington Examiner
  this article includes quotes from Russell Roberts
  With all the attention paid to the health care battle, Association of Community Organizations for Reform Now, and the president's "Full Ginsburg" appearances on five Sunday talk shows, few people noticed a hearing with an exceedingly boring title -- "Proposals to Enhance the Community Reinvestment Act" -- held last week in the House Financial Services Committee...
• 'We Need New Banks' (September 16, 2009)
  Spiegel Online (Germany)
  interview with featured guest Niall Ferguson
  In a SPIEGEL interview, Harvard historian Niall Ferguson discusses the turbulent history of money, the inevitability of financial crises and the fatal influence mathematicians have on the monetary system...
• Government's Trial and Error Helped Stem Financial Panic (September 14, 2009)
  Wall Street Journal
  this article includes quotes from John B. Taylor
  It was only a year ago that the world economy was enveloped in a financial panic of such dimensions that, if one believes Federal Reserve Chairman Ben Bernanke, it threatened to produce a calamity as bad as the Great Depression...
• Government Spending Is Naked Without the Fed (September 14, 2009)
  Bloomberg
  this article includes quotes from John B. Taylor
  President Barack Obama takes his show on the road today for what the White House says is a “major speech” on the financial crisis...
• Political Economy: Back From the Brink (September 14, 2009)
  CQPolitics
  this article mentions Robert E. Hall
  President Obama and his chief economist, Christina Romer, took the plunge last week and announced in the most explicit terms yet that their stimulus and related proposals were truly working — that Washington had, in effect, saved the nation from an even worse calamity through a timely infusion of taxpayer-provided cash...
• Top economist: Delayed stimulus a boon (September 14, 2009)
  Bloomberg
  this article includes quotes from Robert E. Hall
  The head of the group that officially dates U.S. recessions said the Obama administration's delay of government purchases under the $787 billion economic stimulus will spur more growth than a rapid procurement plan...
• Tax Inquiry Delays Pick by Obama at Treasury (September 11, 2009)
  Wall Street Journal
  this article includes quotes from John B. Taylor
  President Barack Obama's nominee for the top international post at the Treasury Department has been sidetracked by a Senate committee's investigation into her personal tax returns...
• Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief (September 11, 2009)
  Bloomberg
  this article includes quotes from Niall Ferguson
  Less than 24 hours after his swearing-in ceremony, U.S. Treasury Secretary Timothy F. Geithner surprised Camden R. Fine with an invitation to a one- on-one meeting about the financial crisis...
• States Scramble for Reform to Get Stimulus Money (September 10, 2009)
  Associated Press
  this article includes quotes from Michael J. Petrilli
  Three cash-strapped states may find themselves left at the starting line in the competition for more than $4 billion in education stimulus funding if they don't amend laws that prevent student test results from being tied to teacher evaluations...
• Reflecting On A Legacy Of Recessions: Job Losses (September 10, 2009)
  NPR
  this article includes quotes from Niall Ferguson
  The financial system almost collapsed last September...
• Research Shows $100 Billion Ed. Stimulus Likely Hurting Economy (September 9, 2009)
  Cato Institute
  this article mentions Eric Hanushek
  Tomorrow morning, the president’s Council of Economic Advisers will release a report assessing the short and long-term effects of the stimulus bill on the U.S. economy...