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Texas economy shakes off rough ride in 2009

Assanie, Laila; Orrenius, Pia - In: Southwest Economy (2010) Q1, pp. 3-7

While conditions remain weak, it appears that the Texas economy is on a steadier course after a rough ride last year. Recent economic data and anecdotal evidence suggest the worst of the state's economic woes may be over. Activity is growing in several sectors. The state maintains its...

Persistent link: https://www.econbiz.de/10008616951

Economic hangover: recovery is likely to be prolonged, painful

Emmons, William R. - In: The Regional Economist (2010) Apr, pp. 4-9

It's time to pay the piper for our freewheeling spending of the past decade. Although some scenarios for the future economy provide reason to hope, the recovery is likely to be slow and volatile.

Persistent link: https://www.econbiz.de/10008616965

The U.S. economic outlook

Dudley, William - In: Speech (2010) Apr 1

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

Persistent link: https://www.econbiz.de/10008616974

The recession of 1937 - a cautionary tale

Velde, François R. - In: Economic Perspectives (2009) Q IV, pp. 16-37

This article reviews the competing explanations offered for the recession of 1937, which interrupted the recovery from the Great Depression. One explanation, increases in labor costs due to the New Deal's industrial policies, fails to account for the full extent of the downturn and for the...

Persistent link: https://www.econbiz.de/10008621673

Credit and recessions.

Coricelli, Fabrizio; Roland, Isabelle - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....

Persistent link: https://www.econbiz.de/10008622009

Growth and crisis in transition : a comparative perspective.

Coricelli, Fabrizio; Maurel, Mathilde - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

, separating episodes of crises from those of growth. Performance is measured by the output response following recessions, rather … than average rates of growth that aggregate periods of recessions and periods of growth. Results highlight significant … performance following the so-called "transitional recession" from that of "normal recessions", the analysis allows separating the …

Persistent link: https://www.econbiz.de/10008622017

Common factors in small open economies: inference and consequences

Guerron-Quintana, Pablo A. - Federal Reserve Bank of Philadelphia - 2010

Inference about common international stochastic trends and interest rates is gained using a small open economy model, data from seven developed countries, and Bayesian methods. Shocks to these common factors explain up to 17 percent of the variability of output in several economies....

Persistent link: https://www.econbiz.de/10008627186

A historical look at the labor market during recessions

Martínez-García, Enrique; Koech, Janet - In: Economic Letter 5 (2010)

Turmoil in housing, credit and financial markets plunged the U.S. economy into a recession that has taken a heavy toll on the labor market. The weakness that began during the second half of 2007 gravely worsened during a period of extreme financial stress in 2008, and the labor market has yet to...

Persistent link: https://www.econbiz.de/10008628373

Trade, globalization and the financial crisis

Wynne, Mark A.; Kersting, Erasmus K. - In: Economic Letter 4 (2009)

The financial crisis that began in August 2007 and intensified in the fall of 2008 pushed the global economy into a severe downturn that some have called the Great Recession. The decline in trade and the protectionist instincts that invariably come to the fore in difficult economic times have...

Persistent link: https://www.econbiz.de/10008628375

Labor market globalization in the recession and beyond

Cox, W. Michael; Alm, Richard; Dymerska, Justyna - In: Economic Letter 4 (2009)

Two types of immigration, physical (immigration that brings the workers to the work) and virtual (immigration that moves the work rather than the workers, involving the long-distance delivery of services), have contributed to globalization of the labor force over the past quarter century. In the...

Persistent link: https://www.econbiz.de/10008628376