Brancaccio, Emiliano; Fontana, Giuseppe - In: Cambridge Journal of Economics 37 (2013) 1, pp. 17-33
One of the more debated interpretations of the economic crisis that started in 2007–08 is based on the 'Taylor rule' equation, namely the idea that over the period 2002–05 the Fed has implemented a low-interest policy that has led to the housing bubble and finally to the 'Great Recession'....
