TY - JOUR AU - Taylor,John B. TI - The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong JF - National Bureau of Economic Research Working Paper Series VL - No. 14631 PY - 2009 Y2 - January 2009 UR - http://www.nber.org/papers/w14631 L1 - http://www.nber.org/papers/w14631.pdf N1 - Author contact info: John B. Taylor Herbert Hoover Memorial Building Stanford University Stanford, CA 94305-6010 Tel: 650/723-9677 Fax: 650-723-1687 E-Mail: John.Taylor@stanford.edu AB - This paper is an empirical investigation of the role of government actions and interventions in the financial crisis that flared up in August 2007. It integrates and summarizes several ongoing empirical research projects with the aim of learning from past policy. The evidence is presented in a series of charts which are backed up by statistical analysis in these research projects. ER -