Abstract
The final essay examines whether central bank actions have created moral hazard, encouraging asset managers to take on more risk than is in society’s interest; the answer is “no”.
- Title
- Subprime Series, Part 4: Does well-designed monetary policy encourage risk taking?
- Creators
- Stephen Cecchetti - Brandeis University, Brandeis International Business School
- Publication Details
- VoxEU
- Publisher
- VoxEU / CEPR
- Format
- online article
- Identifiers
- 9924116288901921
- Academic Unit
- Brandeis International Business School; Department of Economics
- Language
- English
- Resource Type
- Magazine article