Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations and the efficacy of the price system in assuring ...
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 ...
The Great Recession of 2008: Impact on the Bangladeshi economy and international business implicationsGlobal financial crisisRecessionsThis article examines the current global financial crisis (GFC) and its impact on Bangladesh's economy and discusses international business implications for the country ...
The Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been ma...
To view the Crash of 2008 as an isolated event, or to see it as a uniquely American phenomenon, is to see it falsely. It has much deeper historical, structural, and international roots. This chapter argues that the economic and market collapses of 2008 m
The Great Recession began well before 2008. The first signs came in 2006 when housing prices began falling. By August 2007, the Federal Reserve responded to thesubprime mortgage crisisby adding $24 billion in liquidity to the banking system.1By October 2008, Congress approved a $700 billion ban...
The Great Recession of 2008-9 was the worst slump in the world economy since the Great Depression in the 1930s. Michael Roberts forecast that it would happen a few years before and in this book he explains why the Great Recession happened - relying on Marx's analysis of the laws of moti...
R. (2014). The Surprising Effects of the Great Recession: Losers and Winners in Thailand in 2008-09. World Development,56, 77-92.Haughton, J., & Khandker, S. R. (2012). The Surprising Effects of the Great Recession. Losers and Winners in Thiland in 2008-2009,...
Referred to as the worst economic disaster since the Great Depression, the 2008 financial crisis devastated the world economy. This resulted in what’s known as the Great Recession, which led to falling housing prices and sharp increases in unemployment. The associated repercussions were enormous, ...
The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States? The trend of the gross domestic product (GDP) of the United States clearly shifted downward after the Great Recession of 2008. This shift indicates that the cause of the Great Recession ...