(2010) `The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given Different Foster Parents. Economics: The Open-Access`, Open-Assessment E-Journal, No. 4, 2010-18.The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given ...
? In this paper, we show that policy uncertainty can account for the absence of deflation that characterized the Great Recession. Artical structure ? We first establish a series of stylized facts by fitting a Markov-switching vector autoregression (VAR) to post-World War II data. We include ...
the mid-1990s, the conditions for price stability in the United States had been achieved (thank you, Alan Greenspan). From the mid-1990s until the Great Recession, U.S. PCE inflation averaged about 2 percent. And, of course, this step-down in inflation has been global, with the other m...
http://.economics-ejournal/economics/discussionpapers/2010-9 The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given Different Foster Parents Karl Aiginger Austrian Institute of Economic Research and Vienna University of Economics and Business Please cite the ...
The Great Recession versus the Great Depression: stylized facts on siblings that were given different foster parents This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized co... K Aiginger - ...
the unemployment rate continued to rise a year after the recession was declared to be over by the NBER. In the current recession, as of October of 2009, the unemployment rate is still climbing. But its rate of growth turned around in March. These facts suggest that we are headed for anot...
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The great recession of 2008, caused by the housing and financial crises in America, had 3 major consequences for refugees. One was that the economic shock was a major contributor to the “Arab spring” of 2011. This event triggered revolutions or civil wars in countries across the middle east...
Future historians will be in a unique position when they come to record the history of our own times.They will hardly know which facts to select from the great mass of evidence that steadily accumulates.What is more, they will not have to rely solely on the written word.Films, gramophone ...