Columbia International Affairs Online: Policy Briefs

CIAO DATE: 07/2008

Stern Lessons on Fed Policies and Actions

John L. Chapman, Allan H. Meltzer, Vincent R. Reinhart, Amity Shlaes

April 2008

American Enterprise Institute for Public Policy Research

Abstract

How fragile is our financial system? What are the implications of the Fed's actions on Bear Stearns? Do we need new ways of thinking about the risks the system entails? In recent articles, four AEI scholars have looked closely at the evidence of what went wrong and what is ahead.