What Caused the Great Recession of 2007-2009?Economy is Hit Hard
What Caused the Great Recession? The article considers the causes that led to the global financial crisis and resulting depression in the U.S. Among the factors believed to have contribute... Weisberg,Jacob - 《Newsweek》 被引量: 4发表: 2010年 THE GREAT RECESSION OF 2007–10 The following ...
The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is considered the most significant downturn since theGreat Depressionin the 1930s. The term “Great Recession” applies to both the U.S. recession, of...
The subprime meltdown was the sharp increase in high-risk mortgages that went into default beginning in 2007, contributing to the most severe recession in decades. The housing boom of the mid-2000s—combined with low interest rates at the time—prompted manymortgage lendersto offer home loans t...
, In 2021 and 2022, the global auto industry became an asset bubble, caused by a spike in consumer demand and an international chip shortage during the COVID-19 pandemic. When a critical economic sector (such as housing) grows to a bubble, the inevitable pop can lead to a recession....
Since the onset of the Great Recession, an explosion of both theoretical and empirical research has investigated how the financial crisis emerged and how it wasGertler, MarkGilchrist, SimonSocial Science Electronic PublishingGertler, Mark, and Simon Gilchrist, 2018, What happened: Financial factors in...
The lead-up to the Great Recession saw an unprecedented rise in leverage in both the household and banking sectors. 2.3 Nonlinear Effects of Financial Crises Financial crises are highly nonlinear events. The crises features sharp increases in credit spreads and sharp contractions in asset prices and...
The recession of 1937-38 is sometimes called “the recession within the Depression.” It came at a time when the recovery from the Great Depression was far from complete and the unemployment rate was still very high. In fact, it was a disastrous setback to the recovery. Real GDP fell 11...
5. The Global Financial Crisis (2007-2009) The Global Financial Crisis, often referred to as the Great Recession, was a worldwide economic downturn that began in late 2007 and lasted until about 2009. It originated in the United States with the subprime mortgage crisis, as banks had been le...
Collective bargaining over labour conditions between unions and employers is a key labour market institution in democratic societies, guaranteed by international and national law. Its coverage, organization and impact have varied over time and across cou