But can we avoid a replay of 1937-38? With the world economy weakening once again, this column addresses the question with a renewed urgency and comes up with an oft-overlooked explanation – the Treasury Department's decision to sterilise all gold inflows starting in December 1936Douglas ...
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: 2011年 Interpreting the Causes of the Great Recession of 2008 The histo...
What's a Recession, Anyway? Monthly US data on payroll employment, civilian employment, industrial production and the unemployment rate are used to define a recession-dating algorithm that EE Leamer - 《Nber Working Papers》 被引量: 58发表: 2008年 What Caused the Recession of 2008? Hints from...
What caused the last recession?-Consumption and the Recession of 1990-1991 21 Blanchard 1993.pdf
The next recession will not be caused by housing or the sectors that generated previous recessions.It will be caused by the assets that we perceive as having lowest risk. With $9.5 trillion in negative-yielding bonds, we as economists need to start paying attention to the ramifications of a ...
Learn what is recession, why a recession is caused, and how you can be effected by it. Understand economic shifts for informed decision-making. Read more!
The longest recession in U.S. history was the Panic of 1873, at nearly five and a half years. As often happens, international factors triggered and worsened this recession; European economic failures caused the collapse of the largest U.S. bank. In fact, the period of economic contraction ...
What Was the 2008 Great Recession? 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 National Bureau of Economic Research (NBER) defines arecessionas a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale retail trade. It is caused by a chain of events in the econo...
The Great Recession vs. the Great Inflation: A Markov-switching Approach to Understanding the Determinants of Fed Policy We analyze the determinants of the Federal Reserve's monetary policy decisions since the 1960s justied by potentially evolving beliefs—through a real-time... G Best,J Hur 被...