What Caused the Great Recession?
Stefan Homburg, Leibniz University of Hannover, 2015-06-15
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.
| year: | 2015 |
| volume: | 66, Issue 1 |
| pages: | 1-12 |
| JEL: | E3, E4, G1 |
| keywords: | central_bank credit_crunch financial_crisis great_recession money_demand wealth_effect |
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