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Presentation to the Sonoma County Economic Development Board, Rohnert Park, California, June 28, 2013
Persistent link: https://www.econbiz.de/10010724820
We show that professional forecasters have essentially no ability to predict future recessions a few quarters ahead … forecast horizon for predicting aggregate economic activity and, especially, for signaling future recessions. We document this …
Persistent link: https://www.econbiz.de/10005361466
Since the end of the Great Recession in mid-2009, the unemployment rate has recovered slowly, falling by only one percentage point from its peak. We find that the lackluster labor market recovery can be traced in large part to weakness in aggregate demand; only a small part seems attributable to...
Persistent link: https://www.econbiz.de/10009395272
Presentation to the Haas Business School, University of California, Berkeley, Berkeley, CA
Persistent link: https://www.econbiz.de/10010724838
Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...
Persistent link: https://www.econbiz.de/10010728016
exhibited important departures from that seen in prior deep recessions. …
Persistent link: https://www.econbiz.de/10008489225
·Videoconference Presentation to the Australian Business Economists, Sydney, Australia, May 7, 2009 ; President Yellen presented similar remarks to the Haas Business School in Berkeley, California on May 5, 2009
Persistent link: https://www.econbiz.de/10011026894
which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …
Persistent link: https://www.econbiz.de/10011026939
Persistent link: https://www.econbiz.de/10000651224
Persistent link: https://www.econbiz.de/10001637467