Verick, Sher and Iyanatul Islam, "The great recession of 2008-2009: causes, consequences and policy responses," Technical Report, Discussion paper series//Forschungsinstitut zur Zukunft der Arbeit 2010.Verick, Sher. 2010. "The Great Recession of 2008-2009: Causes, Consequences and Pol- icy ...
In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many including economists and financial experts were shocked by ...
The Brazilian Economy since the Great Financial Crisis of 2007/2008 || The Brazilian Credit Market During the Great Recession This chapter expands upon the topics covered in the previous chapters and covers some new ground. The chapter starts with the impact of monetary policy on the economy. It...
reminds us that policy matters. The events that took place in 2008 were essentially caused by the decisions that regulators, politicians, and policymakers made years prior. From poorly controlled regulatory bodies to the impact of corporate culture, the Great Recession is anything but “in the ...
The Great Recession of 2008–09: Causes, Consequences and Policy Responses The historical perspective provided in chapter 1 on the decades leading up to the financial crisis shows that the global economy was by no means as stable ... I Islam,S Verick - Palgrave Macmillan UK 被引量: 112发表...
started falling in 2007 as supply outpaced demand. That trapped homeowners who couldn't afford the payments but couldn't sell their houses either. When the values of the derivatives crumbled, banks stopped lending to each other. That created the financial crisis that led to the Great Recession...
The Great Inflation and the Great Disinflation are perhaps the greatest examples of monetary offset of fiscal policy away from the zero lower bound in US history, because fiscal policy was relatively tight during the height of the Great Inflation, and became exceptionally loose during the Great Dis...
Financial bubbles are always subject to substantial hindsight bias after they burst. For example, following thedot-com bubblein the late 1990s and theGreat Recession of 2008, many pundits and analysts demonstrated their precise knowledge of how events that seemed trivial at the time were harbingers...
This paper analyzes the causes of the slow recovery of the US economy since the financial crisis and Great Recession of 2008-9. Fallen house values and excessive household debts continue to depress consumer spending, while corporations are failing to invest in spite of record profits. The increasi...
The European sovereign debt crisis began in 2008 with the collapse of Iceland's banking system.2 Some of the contributing causes included the financial crisis of 2007 to 2008, and the Great Recession of 2008 through 2012.1 The crisis peaked between 2010 and 2012. ...