Great recessionThis paper examines the impact of institutional quality on economic growth in West Africa after the Great Recession using a panel of 13 countries. In addition to the traditional institutional variables documented in the Worldwide Governance Indicators, such as government effectiveness, ...
(2018): What happened: Financial Factors in the Great Recession. Journal of Economic Perspectives, 32(3), 3-30Gertler, Mark, and Simon Gilchrist. 2018. "What Happened: Financial Factors in the Great Recession." NBER Working Paper 24746, National Bureau of Economic Research, Cam- bridge, MA...
2 In comparison, GDP declined just 2% at the height of the Great Recession between 2008 and 2009. Key Takeaways The Great Depression was a worldwide economic depression that lasted 10 years. There is no universally agreed-upon explanation for why the Great Depression happened, but most ...
The exposure of the economy to a financial crisis is closely related to the degree to which borrowers rely on debt.The higher the fraction of financing that is debt, as opposed to equity, the more sensitive the balance sheet becomes to fluctuations in asset prices. The lead-up to the Grea...
The Great Recession of 2008–09: Causes, Consequences and Policy Responses 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...
Janesville assembly plant, as it was called, made Chevrolets decade after decade after decade, until two days before Christmas of 2008, when the plant shut down right in the middle of the Great Recession, as we call it in the United States, or you would call it the Global Financial ...
The Great Recession refers to the economic downturn from 2007 to 2009 after the bursting of the U.S. housing bubble and the global financial crisis. The Great Recession was the most severe economic recession in the United States since the Great Depression of the 1930s. ...
And noevidence suggests that the share ofrevenue from student fees andcharges, school-supporting nonprofits, or from miscellaneous non-taxrevenues has increased during orafter the Great Recession.These findings suggest that inorder to ... DA Kenyon,A Reschovsky - MIT Press One Rogers Street, Ca...
that they would pay off in higher returns. Of course, if those returns didn’t materialize, it would be taxpayers [through theFederal Savings and Loan Insurance Corporation(FSLIC)]—not the banks or S&Ls officials—who would be left holding the bag. That's exactly what eventually happened...
This surplus ended just after theSeptember 11attacks in 2001. The federal government has been running at a deficit since then, although the size of the deficit rose and fell in accordance with economic circumstances. For instance, the deficit grew to $1.41 trillion in 2009 in the aftermath of...