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The economic recovery: past, present, and future

Williams, John C. - In: Speech (2013) June 28

Presentation to the Sonoma County Economic Development Board, Rohnert Park, California, June 28, 2013

Persistent link: https://www.econbiz.de/10010702121

Financial frictions and fluctuations in volatility

Arellano, Cristina; Bai, Yan; Kehoe, Patrick J. - Federal Reserve Bank of Minneapolis - 2012

During the recent U.S. financial crisis, the large decline in economic activity and credit was accompanied by a large increase in the dispersion of growth rates across firms. However, even though aggregate labor and output fell sharply during this period, labor productivity did not. These...

Persistent link: https://www.econbiz.de/10010702250

Paradox of thrift recessions

Huo, Zhen; Rios-Rull, Jose-Victor - Federal Reserve Bank of Minneapolis - 2013

) and financial shocks to households generate recessions. The model features three mild departures from the standard model … expenditures increase measured productivity. These departures provide a novel quantitative theory to explain recessions like those …

Persistent link: https://www.econbiz.de/10010702252

Engineering a paradox of thrift recession

Huo, Zhen; Rios-Rull, Jose-Victor - Federal Reserve Bank of Minneapolis - 2012

sense of wealth destruction) generate recessions. Two standard ingredients that are necessary are (1) the existence of …, quantitative theory of the current recessions in southern Europe. …

Persistent link: https://www.econbiz.de/10010702254

Output collapses and productivity destruction

Blyde, Juan; Daude, Christian; Fernández-Arias, Eduardo - In: Review of World Economics (Weltwirtschaftliches Archiv) 146 (2010) 2, pp. 359-387

Persistent link: https://www.econbiz.de/10008456143

The New York City recession

Brauer, David; Flaherty, Mark - In: Quarterly Review (1992) Spr, pp. 66-71

This article examines the origins, scope, and sectoral profile of the recent New York City recession. In addition, the authors document the buildup of imbalances in the economy before the downturn and discuss the extent to which these imbalances have been alleviated.

Persistent link: https://www.econbiz.de/10008456417

A historical perspective on the 1989-92 slow growth period

Brauer, David - In: Quarterly Review (1993) Sum, pp. 1-14

This article compares the 1990-91 recession and the surrounding period of unusually sluggish growth with earlier recessionary episodes. Using a variety of indicators, the author assesses the relative severity of the latest recession and identifies features that distinguish this period from its...

Persistent link: https://www.econbiz.de/10008456422

Does the Fed Respond to Oil Price Shocks?

Kilian, Lutz; Lewis, Logan - C.E.P.R. Discussion Papers - 2009

Since Bernanke, Gertler and Watson (1997), a common view in the literature has been that systematic monetary policy responses to the inflation triggered by oil price shocks are an important source of aggregate fluctuations in the U.S. economy. We show that there is no evidence of systematic...

Persistent link: https://www.econbiz.de/10008458291

Budgetary Policies during Recessions - Retrospective Application of the "Stability and Growth Pact" to the Post-War Period

Buti, M.; Franco, D.; Ongena, H. - Directorate-General Economic and Financial Affairs, … - 1997

recessions. Since the agreement on the "Stability and Growth Pact" by the European Council in Dublin in December 1996, interest … stage three of EMU, singles out severe recessions as specifically problematical periods during which a certain budgetary … evaluate past budgetary behaviour during recessions in the fifteen European Union Member States. More specifically, the paper …

Persistent link: https://www.econbiz.de/10008459165

Future recession risks

Berge, Travis J.; Jordà, Òscar - In: FRBSF Economic Letter (2010)

An unstable economic environment has rekindled talk of a double-dip recession. The Conference Board's Leading Economic Index provides data for predicting the probability of a recession but is limited by the weight assigned to its indicators and the varying efficacy of those indicators over...

Persistent link: https://www.econbiz.de/10008461908