[PDF] Top 20 Can Great Depression Theories Explain the Great Recession?

... Auerbach as well as Alumnia, Bénétrix, Eichengreen, O’Rourke, and Rua argue that a fiscal stimulus package would have made a difference during the Great Depression, but it was not deployed in a sufficient ... See full document

... Historically, U.S. banking laws prohibited interstate banking and limited branch activity, restrictions that favored the existence of many small local banks. Even though these restrictions were removed in the 1990s as ... See full document

... The economic context makes it very likely that a change in risk perceptions has occurred, which can explain higher support for redistribution through the social security motive. Alternatively, one might ... See full document

... the Great Recession a “man-cession,” although crude comparisons of the data from advanced economies may lead to a simplistic conclusion that men fared worse than women – in terms of job losses – comparison ... See full document

... A second aspect of the Great Recession was the drop in average house prices and a simultaneous drop in new housing starts. Over the period 2007-2014 5.875 million homes were taken away from borrowers and ... See full document

... One can use “mar- gin adjustment”procedures to generate gross ‡ow data consistent with unconditional marginal distributions, and these procedures take into account the possibility that observations are not missing ... See full document

... While the issues that this paper aims to address – the role of the rising inequality for the severity of the recent financial crisis and the developments in inequality after the crisis – have not been neglected in the ... See full document

... brought the first major financial reform to the US financial system since the Great Depression. Among other things, the Act lowered the required reserve ratio for banks, allowed banks to merge, raised the ... See full document

... the recession such as debt problems, unsustainable housing costs, and other difficulties associated with managing on reduced household income in a period of ... See full document

... While numerous theories lead to labor wedges, relatively few lead to efficiency wedges. We find it uninteresting to view the efficiency wedge as emanating from a loss of knowledge or a decline in the quality of ... See full document

... Honohan and Walsh (2002) provide a somewhat different perspective on the 1990s boom. The essence of their thesis is that the boom was nothing more than delayed convergence. We summarise our interpretation of the Honohan ... See full document

... Bank Failures Banks lent money to stock speculators; defaulted on loans Banks had invested depositors’ money in the stock market.. If a bank collapsed, depositors lost.[r] ... See full document

... which can be either a complement or a substitute of private capital; (iv) time-varying distortionary tax rates; and (v) fiscal rules, capturing the operation of automatic ... See full document

... assessed recession effects in different ways, both in terms of the economic hardships of individual families ...the Great Recession ...the Great Recession, however measured, on young ... See full document

... the recession. Thus, a long boom followed by a shallow recession will be associated with an adjustment mainly at the intensive margin (hours worked) while a persistent and deep decline will bring about an ... See full document

... Dye and McGuire (1991) take the personal consumption series from the National Income and Product Accounts and income changes by income class from the Current Population Survey to provide national estimates of changes in ... See full document

... Finland can affect on its own”– so Finland’s prime minister (and current EU Commissioner) Jyrki Katainen when the deal for 2011 – 12 was announced – “ A pay contract supporting industrial peace and ... See full document

... the Great Recession has blatantly ...which can take effect semi-automatically at an early stage of the surveillance process; (iii) Member States will be formally required to put in place national ... See full document

... unemployment inflows, while outflow rates have fallen modestly. At its peak in the second quarter of 2009, the claimant inflow rate had risen by nearly 80 percent relative to its pre- recession level, much more ... See full document

... current recession looks similar to the pattern from past ...current recession has done remarkably little to dampen Americans’ enthusiasm for home ... See full document