Monetary policy and financial regulation

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Explain Greenspan's behavior in the buildup to the 2008 crisis in terms of his conduct of (1) monetary policy and (2) financial regulation. How would you explain Bernanke's failure to see a housing bubble before the crash? What can we learn about economic theory from the way Greenspan, Bernanke and other economist behaved before and during this crisis? What can we learn about the relationship between capitalism and the state?

Reference no: EM131392092

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