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What Caused the Great Recession?
Published/Copyright:
February 11, 2016
Abstract
This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.
Keywords: Financial crisis; Great Recession; wealth effect; credit crunch; money demand; central bank
Online erschienen: 2016-2-11
Erschienen im Druck: 2015-4-1
© 2015 by Lucius & Lucius, Stuttgart
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- Contents
- What Caused the Great Recession?
- Time Varying Fiscal Multipliers in Germany
- Planned Fiscal Consolidations and Growth Forecast Errors – New Panel Evidence on Fiscal Multipliers
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Keywords for this article
Financial crisis;
Great Recession;
wealth effect;
credit crunch;
money demand;
central bank
Articles in the same Issue
- Contents
- What Caused the Great Recession?
- Time Varying Fiscal Multipliers in Germany
- Planned Fiscal Consolidations and Growth Forecast Errors – New Panel Evidence on Fiscal Multipliers
- Nowcasting Regional GDP: The Case of the Free State of Saxony
- Determinants of house price dynamics. What can we learn from search engine data?
