Governmental Manipulation Of The Supply Of The Money

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What extent does the governmental manipulation of the supply of the money and credit give rise to the cyclical pattern of boom and bust in capitalist economies?
Below is a brief description of the gist of this research and the approach to be taken:
Governments play significant roles in ensuring economies of the world remain alive. While there are some economists who believe a government’s interference is economically unsound, ignoring its contribution would be wrong. Keynesians, for example, are staunch believers in the notion that a government can prevent overheating and also reduce the effects of a recession. The above statement cannot be rubbished and cast aside because by manipulating the supply of money and credit, in the same manner as the banks, a government can as well give rise or influence the cyclical patterns of boom and bust. Today, central banks and in some cases the reserve banks overwhelmingly dominate the financial markets and their strength and control of the economy is often exhi...