Wray, L. Randall (contributor) - 2008
ratestosteertheeconomyoutoftherecessiontriggeredbytheequitymar-
ket tumble. More recently, Fed Chairman Ben Bernanke is supposed to
have continued in the Greenspan tradition …,arevisedviewofeconomicpossibilitieshasbeendevelopedthat
goesbythename“theGreatModeration”(Bernanke2004,Chancellor2007).
Thebeliefisthat,duetoahappyconfluenceofanumberoffactors,theworld
is …