The Aftermath of the Crisis
In the fourth lecture, the Chairman discusses the monetary policy responses to the recession, the sluggish recovery from it, the changes in financial regulation that followed the crisis, and the implications of the crisis for central bank practice in the future.
Lecture Materials
The Aftermath of the Crisis (PDF) | Accessible Version
March 29, 2012Transcript (PDF)
- Introduction
- Lecture
- Video Clip 38: Evaluation of special lender-of-last-resort programs
- Video Clip 39: Structure of the FOMC
- Video Clip 40: Federal funds rate
- Video Clip 41: Large-scale asset purchases
- Video Clip 42: Impact of LSAPs on the Federal Reserve’s balance sheet
- Video Clip 43: Communication about monetary policy
- Video Clip 44: Economic recovery
- Video Clip 45: Housing is slowing the recovery
- Video Clip 46: Financial and credit markets are slowing the recovery
- Video Clip 47: Prospects for long-term economic growth in the U.S.
- Video Clip 48: Post-crisis regulatory changes; the Dodd-Frank Act
- Video Clip 49: The effects of the crisis on central bank practice
- Student Q&A