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CONSUMPTION AND THE GREAT RECESSION: AN ANALYSIS OF TRENDS, PERCEPTIONS, AND DISTRIBUTIONAL EFFECTS
CONSUMPTION THE GREAT RECESSION:
2015/7/23
Consumption decisions are crucial determinants of business cycles and growth. As a
share of US gross domestic product (GDP) personal consumer expenditure has grown
steadily since the early 1970s t...
Never Waste A Good Crisis? Growth and Decentralization in the Great Recession
Business Strategy Financial Crisis
2015/4/28
We argue that decentralization is particularly beneficial to firm performance in “bad times.” We present a model where bad times increase the importance of rapid action, and improve the alignment of i...
Unemployment Insurance and Disability Insurance in the Great Recession
Unemployment Insurance Disability Insurance the Great Recession
2013/11/27
Disability insurance (DI) applications and awards are countercyclical. One potential explanation is that unemployed individuals who exhaust their Unemployment Insurance (UI) benefits use DI as a form ...
A Broken Public? Americans’ Responses to the Great Recession
attitude formation heuristics and biases partisanship policy change Great Recession
2013/12/9
Did Americans respond to the recent Great Recession by demanding that government provide policy solutions to rising income insecurity, an expectation of state-of-the-art theorizing on the dynamics of ...
The note treats ethical issues surrounding the 2008 to 2010 financial crisis and its aftermath, focusing on resources pertinent to Catholic economic-ethical responses. Four key, contested subjects are...
A watershed moment in economics and finance-Recession, crisis spark new directions for scholarship
watershed economics finance-Recession crisis scholarship
2009/5/20
A year ago, MIT economics graduate student Alp Simsek was suffering from low spirits and burnout as he struggled to determine his PhD thesis topic. He wanted a meaningful research project that explain...
The universal shape of economic recession and recovery after a shock
economic recession recovery
2010/12/13
We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during times of re...