Results 21 to 30 of about 3,284,978 (377)
Precautionary Savings in the Great Recession [PDF]
IMF Economic Review, 2012 Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, the paper finds for a panel of advanced economies that greater labor income uncertainty is significantly associated with ...
Ashoka Mody +2 more
+8 more sources
Escaping the Great Recession [PDF]
American Economic Review, 2014 We show that policy uncertainty about how the rising public debt will be stabilized accounts for the lack of deflation in the US economy at the zero lower bound. We first estimate a Markov-switching VAR to highlight that a zero-lower-bound regime captures most of the comovements during the Great Recession: a deep recession, no deflation, and large ...
Bianchi, F, Melosi, L
openaire +7 more sources
Understanding the Great Recession [PDF]
International Finance Discussion Papers, 2014 We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions interacting with the zero lower bound. We reach this conclusion looking through the lens of a New Keynesian model in which firms face moderate degrees of price rigidities and no nominal rigidities in the wage setting ...
Christiano, Lawrence J. +2 more
openaire +5 more sources
Reconstructing the Great Recession [PDF]
Review, 2013 This article uses dynamic equilibrium input-output models to evaluate the contribution of the construction sector to the Great Recession and the expansion preceeding it. Through production interlinkages and demand complementarities, shifts in housing demand can propagate to other economic sectors and generate a large and sustained aggregate cycle.
Michele Boldrin +3 more
openaire +6 more sources
The Geography of the Great Recession [PDF]
NBER International Seminar on Macroeconomics, 2013 This paper documents, using county level data, some geographical features of the US business cycle over the past 30 years, with particular focus on the Great Recession. It shows that county level unemployment rates are spatially dispersed and spatially correlated, and documents how these characteristics evolve during recessions. It then shows that some
Alessandra Fogli +2 more
openaire +4 more sources
Did Timing Matter? Life Cycle Differences in Effects of Exposure to the Great Recession
Journal of Labor Economics, 2021 I estimate the effects of exposure to the Great Recession on employment and earnings for groups defined by year of birth over the 10 years following the beginning of the recession.
K. Rinz
semanticscholar +1 more source
The Recovery from the Great Recession: A Long, Evolving Expansion
Social Science Research Network, 2021 Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States’ economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy
Jay C. Shambaugh, M. Strain
semanticscholar +1 more source
Food Hardship during the COVID‐19 Pandemic and Great Recession
Applied economic perspectives and policy, 2020 I compare the extent of food hardships in the United States among adults and seniors before and during the COVID‐19 pandemic. Food insufficiency increased threefold compared to 2019, and more than doubled relative to the Great Recession.
James P. Ziliak
semanticscholar +1 more source
The Great American Recession and forgone healthcare: Do widened disparities between African-Americans and Whites remain? [PDF]
PLoS ONE, 2017 During the Great Recession in America, African-Americans opted to forgo healthcare more than other racial/ethnic groups. It is not understood whether disparities in forgone care returned to pre-recession levels.
Jasmine L Travers +3 more
doaj +1 more source
, 2020 Using comprehensive data on bank lending and establishment-level outcomes from 1997–2010, this paper finds that small business lending is an unimportant determinant of small business and overall economic activity.
M. Greenstone +2 more
semanticscholar +1 more source