Name: Understanding the Great Recession
Price: 22.92 EUR
Availability: InStock
Author: Board of Governors of the Federal Reserv
ISBN: 9781508806387

Select your country

Americas

Europe

Rest of the world

portada Understanding the Great Recession

Type

Physical Book

Author

Board of Governors of the Federal Reserv

Publisher

Createspace

Language

English

Pages

Format

Paperback

Dimensions

28.0 x 21.6 x 0.3 cm

Weight

0.13 kg.

ISBN13

9781508806387

Synopsis "Understanding the Great Recession"

We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to Önancial frictions interacting with the zero lower bound. We reach this conclusion looking through the lens of a New Keynesian model in which Örms face moderate degrees of price rigidities and no nominal rigidities in the wage setting process. Our model does a good job of accounting for the joint behavior of labor and goods markets, as well as ináation, during the Great Recession. According to the model the observed fall in total factor productivity and the rise in the cost of working capital played critical roles in accounting for the small size of the drop in ináation that occurred during the Great Recession.

Customers reviews

Have you read this book? Login to add your review.

More customer reviews

0% (0)
0% (0)
0% (0)
0% (0)
0% (0)

Questions and Answers about the Book

Do you have a question about the book? Login to be able to add your own question.

Opinions about Bookdelivery

More customer reviews

Understanding the Great Recession - Board of Governors of the Federal Reserv

Synopsis "Understanding the Great Recession"

Customers reviews

Frequently Asked Questions about the Book

Is the book original?

In what language is the book written?

What is the format of this book?

Questions and Answers about the Book

Opinions about Bookdelivery