real activity to a financial uncertainty shock during and in the aftermath of the great recession. We replicate this … conducted as in normal times. Finally, we show that the rule estimated during the great recession is able to deliver an economic …

of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks … deep and persistent enough, like during the Great Recession, they call for a downward revision of potential output measures … calibrated to the U.S. economy, the model replicates well the L-shaped recovery and switching-track that followed the Great …

shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing …

significant ways. First, we incorporate the Great Recession and ZLB episodes, and second, we employ unique state-level data to …

Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …

Great Recession of 2008/9 and during the Covid pandemic of 2020-2021 on most measures and on four bordering countries to … financial situation and the economic and employment situation in the country, all of which dropped markedly in the Great … Recession and during Covid, but bounced back quickly, as did firms' expectations of the economy and the labor market. Neither …

results suggest a divergent impact of the Great Recession at the overall level of countries and under the expenditure and …