Policy experiments and financial regulation: Using laboratory methods to evaluate responses to the 2007–2009 financial crisis
综述了用实验室方法研究2007-2009金融危机成因及政策效果的实验文献,包括央行和财政部应对措施、金融机构互联性影响及特定机构监管政策评估,适合关注金融监管和实验方法的学者快速了解该领域进展。
Abstract This paper reviews an emerging experimental literature that uses laboratory methods to both identify causes of the 2007–2009 financial crisis, and to assess the effectiveness of policies implemented in response. Papers reviewed include experiments conducted to evaluate central bank and Treasury responses to the crisis, experiments that study the consequences of interconnectedness between financial firms on financial system stability, and experiments conducted to evaluate policies intended to more effectively regulate specific types of financial institutions. Laboratory methods are ideally suited to investigating the consequences of untested policies in new environmental circumstances – just the situation provoked by the crisis. The continually evolving structure of the financial system suggests an expanded future role for laboratory methods in this area.