If today is the day when the American boom officially becomes the longest in US history, the boom is pretty elderly. While there is no inevitable law that declares that a recession must follow, the fact remains that all booms do eventually come to an end.The consensus view of economists ...
The EPI tracks the major events in US history, from wars and stagflation to booms and periods of prosperity. Out of all economic indexes, only the EPI can accurately compare the performance of the US economy across time. The EPI catches almost all official US recessions, from the Great Depre...
From a 17th‑century Dutch tulip craze to the infamous 1929 stock market crash, learn the stories behind six historical booms that eventually went bust. Read more 3. July 1953 to May 1954: Post-Korean War Recession This relatively short and mild recession followed the script of the post-...
What are some of the most important/pervasive models in macroeconomics? What theories are there that explain the existence of booms/recessions and business cycles? What does the mainstream/formal economics study? What does the mainstream/formal economics leave out? What are currently the best econom...
If the purpose of countercyclical capital charges were to end boom–bust cycles, we would need to be more confident about the calibration of booms than we are today. But if the purpose is to lean against the wind, calibrations can be less precise. Recall that without countercyclical charges...
What is an economy where the government intervenes in the markets called? Who believed our economy could spend its way out of a recession? What theories are there that explain the existence of booms/recessions and business cycles? What was the United States' monetary policy response to the...
(e.g. work-life conflict) can lead to entrainment (Sect.4.7), resulting in cascading side-effects (Sect.4.3). During economic booms, for instance, employees work more, spend less time sleeping, and less time with family, or on recreational activities; but in recessions, the opposite is ...
【24hr】Identifying booms and busts in house prices under heterogeneous expectations 包量 机译 在异质预期下识别房价的兴衰 作者:Bolt Wilko;Demertzis Maria;Diks Cees;Hommes Cars;van der Leij Marco; 刊名:Journal of Economic Dynamics and Control 2019年第6期 摘要:We introduce h...
Voters, of course, tend to valorize the presidents elected during a recession, who subsequently oversee the more or less inevitable recoveries, and look down on those elected during economic booms, who are held hostage to the inevitable deceleration. In reality, they are not judging presidential ...
Economic booms have typically been used to relax tax pressure, especially during elections. One-off measures have been preferred over structural ones to contain the deficit during economic crises. The EU fiscal framework prompted temporary consolidation, but did not permanently change the budgeting ...