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the recession’s diverse effects on different types of households. …
Persistent link: https://www.econbiz.de/10010722964
Deep Recessions: A New Keynesian Perspective,” (226 KB, 7 pages) Keith Kuester reviews the literature on the effectiveness … of government spending during severe recessions. …
Persistent link: https://www.econbiz.de/10009421353
Job losses may involve not only lost earnings during unemployment but also declines in earnings at subsequent jobs. After a time consuming job search, workers may need to restart their careers from scratch, accepting a lower wage. Workers may also need time to acquire new skills, and total...
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rate during expansions and recessions. Whether a recession is driven by large job losses or weak hiring will greatly affect … recessions are times of weak hiring or high job loss depends in large part on the severity of the downturn. A recession is a time … Recessions," Jason Faberman discusses how the severity of a recession determines whether high job loss or weak hiring will be the …
Persistent link: https://www.econbiz.de/10008524093
The severity of the recent economic downturn raises questions about the role of financial markets in modern market economies. Why did rising defaults in a relatively small portion of the U.S. housing market cause a financial crisis? Why do financial crises have outsized adverse effects on the...
Persistent link: https://www.econbiz.de/10008461911
Finally, we look at the broader picture to determine why the U.S. economy has had fewer and shorter recessions over the …
Persistent link: https://www.econbiz.de/10005498362
Recessions usually mean bad times for many workers and firms: companies close; jobs are lost. However, recessions can … upturn. In this article, Keith Sill discusses the "creative destruction" that takes place during recessions and outlines some …
Persistent link: https://www.econbiz.de/10005498368
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