Fed’s response averted a depression: Blinder

federal-reserve

The Federal Reserve and US government response to the financial crisis helped avert a second Great Depression, research co-authored by a former Federal Reserve governor said.

In a paper published on Wednesday, Alan Blinder, a professor of economics at Princeton University and a former vice chairman at the Federal Reserve, and Mark Zandi, the chief economist of Moody's Analytics, the research arm of the rating agency, showed that without the Fed's response to the financial crisis, GDP in 2010 wou

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: