検索キーワード： 著者 "Martin Feldstein" すべてのカテゴリー

Now, almost a decade after the Great Recession hit, the story of its origins and course has become familiar. It began in December 2007, soon after the US housing bubble burst, triggering the widespread collapse of the US financial system. Credit dried up, as banks lost confidence in the value of their assets and stopped lending to one another. Consumer spending plummeted. At first, the US Federal Reserve tried to boost spending through traditional monetary policy, by reducing short-term interest rates.