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increasingly more difficult after the real GDP doubling target was announced in 2012 and the official real GDP statistics lost …
Persistent link: https://www.econbiz.de/10012424978
This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United …
Persistent link: https://www.econbiz.de/10010419411
Since the end of the Great Recession, growth in health care spending has declined to historically low levels. There is … disagreement over whether this decline was caused by falling incomes during the Great Recession (and therefore is likely to reverse …
Persistent link: https://www.econbiz.de/10011496813
The paper presents data on the level and composition of the actual and forecast debt of the US government. It argues that the real burden of this debt cannot be reduced significantly by inflation because the bulk of it is held by government agencies, is adjusted for inflation or is short-term....
Persistent link: https://www.econbiz.de/10013129201
Most United States MSAs saw their house prices plummet during the recent Great Recession. While many are only beginning …
Persistent link: https://www.econbiz.de/10013121957
a fall in aggregate demand, the worst type of recession in the past. Falls in aggregate demand happen when there are …
Persistent link: https://www.econbiz.de/10013098370
Product (GDP) and capital investment after banking crises. Most strikingly, twenty-five percent of counties experience no … decrease in real GDP per capita in the year of the crisis or the following two years. Some countries see an increase in long … GDP per capita are followed by faster subsequent growth …
Persistent link: https://www.econbiz.de/10013081451
egregiously illustrated by its treatment of the Great Recession, the most perilous and costly economic crisis since the 1930s … the principal cause unemployment jumps in recession, and does not come close to usefully describing any recession, great …
Persistent link: https://www.econbiz.de/10012964309
We show that household leverage is an early and powerful predictor of the 2007 to 2009 recession. Counties in the U … durable consumption patterns during the recession. Our findings suggest that a focus on household finance may help elucidate …
Persistent link: https://www.econbiz.de/10013156702
The authors evaluate the Friedman-Schwartz hypothesis--that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, they first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes...
Persistent link: https://www.econbiz.de/10012728640