A Crise de 2008. Mito e Realidade

A Crise de 2008.
Mito e Realidade
Antony P. Mueller (UFS)
FIDE (Fórum Interdisciplinar de Direito e Economia)
Curitiba, 18 de Novembro de 2014
PIB agregado Estados Unido, Euro área, Japão e
Reino Unido – potencial e tendência 2000-2014
Política monetária “agressiva”
Realidade da política monetária na crise
“Quantitative Easing” (QE) – Afrouxamento
quantitativo
Inflação de preços
Taxas de desemprego
Regulamentação da bolsa de valores
Regulamentação financeira - Dodd-Frank Act
Basileia 3
Agências governamentais de controle e
supervisão dos mercados financeiros
• U.S. Securities and Exchange Commission (SEC)
• Financial Industry Regulatory Authority (FINRA)
• Commodity Futures Trading Commission (CFTC)
• Federal Reserve System ("Fed")
• Federal Deposit Insurance Corporation (FDIC)
• Office of the Comptroller of the Currency (OCC)
• National Credit Union Administration (NCUA)
• Office of Thrift Supervision (OTS)
• Consumer Financial Protection Bureau (CFPB)
http://www.davispolkpo
rtal.com/infographic/jul
y2013infographic.html
Regulamentação desde 2010
Gastos para “welfare”
Gastos para “welfare” em por centos do PIB
Dívida pública dos Estados Unidos 1970-2014
Quociente da dívida pública (D/PIB)
Base monetária
Taxa básica (federal funds rate) desde 1954
Federal Funds Rate 2004-2014
M1, M2, M3
Crescimento econômico pela poupança
Crescimento econômico pela tecnologia
Ciclo de negócios
Metas da inflação na perspectiva da ATBC
Referências
• BIS (2008). Bank for Intrnational Settlements, 78th Annual Report of the Bank for International
Settlemement. Basel: BIS
• BIS (2009). Bank for International Settlements. 79th Annual Reporto of the Bank for International
Settlements. Basel: BIS
• Calomiris e Haber (2014): Charles W. Calomiris and Stephen H. Haber. Fragile by Design: The Political Origins
of Banking Crises and Scarce Credit. Princeton, N.J.: Princeton University Press
• Hoppe (2001): Hans-Hermann Hoppe. Democracy. The God that Failed. The Economics and Politics of
Monarchy, Democracy, and Natural Order. New Brunswick and London: Transaction Publishers.
• Mueller (2004). Antony P. Mueller. Bubble or New Era? Monetary Aspects of the New Economy, in: Markets,
Information and Communication. Austrian Perspective on the Internet Economy. Edited by Jack Birner and
Pierre Garrouste (Foundation of the Market Economy). London and New York: Routledge
• Mueller (2014): Antony P. Mueller. Beyond Keynes and the Classics. Outline of the Goods Side/Money Side
Model of the Business Cycle and Macroeconomic Configurations. SSRN. Social Science Research Network.
January 20, 2014 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2382233
• De Soto (2006). Jesús Huerta de Soto. Money, Bank Credit and Economic Cycles. Auburn, Ala.: Ludwig von
Mises Institute
• Volcker e Gyohten (1992): Paul Volcker and Toyoo Gyohten. Changing Fortunes. The World’s Money and the
Threat to American Leadership. New York: Times Books
Contato e mais recursos
• [email protected]
• www.continentaleconomics.com
• www.economianova.blogspot.com
• www.socec.blogspot.com