Great Recession/Timelines: Difference between revisions
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==Prelude== | ==Prelude (January 2000 to June 2007) == | ||
Capital flows: | |||
:Flows of capital into the advanced countries, rising from about 8 per cent of world GDP in 2002 to about 16 per cent in 2007 | |||
US Monetary policy | |||
: Progressive [[discount rate]] reductions by the [[Federal Reserve System|Federal Reserve]] reducing the federal funds rate from 6 per cent in 2000 to 1 per cent in 2003, followed by increases to 5.25 per cent in 2006)[http://www.harpfinancial.com/InterestRateHistory/FederalFundsRate.htm]. | |||
. | |||
==Crash== | ==Crash== | ||
Revision as of 04:48, 2 February 2011
Prelude (January 2000 to June 2007)
Capital flows:
- Flows of capital into the advanced countries, rising from about 8 per cent of world GDP in 2002 to about 16 per cent in 2007
US Monetary policy
- Progressive discount rate reductions by the Federal Reserve reducing the federal funds rate from 6 per cent in 2000 to 1 per cent in 2003, followed by increases to 5.25 per cent in 2006)[1].
.