A new study: The
Financial Crisis: Lessons for the Next One By Alan S. Blinder and Mark
Zandi
Key Findings:
“The massive and
multifaceted policy responses to the financial crisis and Great Recession —
ranging from traditional fiscal stimulus to tools that policymakers invented on
the fly — dramatically reduced the severity and length of the meltdown that
began in 2008; its effects on jobs, unemployment, and budget deficits; and its
lasting impact on today’s economy.”