Russ Roberts

David Beckworth Podcast Episodes and Extras

Category Archive with 1 podcast episodes and extras

Podcast episode David Beckworth on Money, Monetary Policy, and the Great Recession

EconTalk Episode with David Beckworth
Hosted by Russ Roberts

moneyvhousing.jpg Was the Financial Crisis of 2008 caused by a crisis in the housing market? Or did the Federal Reserve turn a garden-variety recession into the Great Recession? David Beckworth of Western Kentucky University talks with EconTalk host Russ Roberts about the Fed's response to the recession that began in December of 2007 and worsened in 2008. Beckworth argues that the Fed failed to respond adequately to the drop in nominal GDP by keeping interest rates too high for too long. Beckworth describes what he thinks the Fed should have done and the lessons we should learn going forward to reduce the severity of future downturns.

Size:29.3 MB
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