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Assessing the costs and consequences of the 2007–09 financial crisis and its aftermath

Author

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  • Luttrell, David
  • Atkinson, Tyler
  • Rosenblum, Harvey

Abstract

There are few estimates of what society gave up due to the crisis: Our conservative estimate is $50,000 to $120,000 for every U.S. household.

Suggested Citation

  • Luttrell, David & Atkinson, Tyler & Rosenblum, Harvey, 2013. "Assessing the costs and consequences of the 2007–09 financial crisis and its aftermath," Economic Letter, Federal Reserve Bank of Dallas, vol. 8(7), pages 1-4, September.
  • Handle: RePEc:fip:feddel:y:2013:i:sep:n:v.8no.7
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    Citations

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    Cited by:

    1. Thibaut Duprey & Benjamin Klaus, 2017. "How to Predict Financial Stress? An Assessment of Markov Switching Models," Staff Working Papers 17-32, Bank of Canada.
    2. Patricia Palhau Mora & Michael Januska, 2016. "On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient?," Discussion Papers 16-12, Bank of Canada.
    3. Patricia Palhau Mora, 2018. "The “Too Big to Fail” Subsidy in Canada: Some Estimates," Staff Working Papers 18-9, Bank of Canada.
    4. Chaudhry, Sajid Mukhtar & Mullineux, Andrew & Agarwal, Natasha, 2015. "Balancing the regulation and taxation of banking," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 38-52.
    5. Tirupam Goel, 2016. "Banking industry dynamics and size-dependent capital regulation," BIS Working Papers 599, Bank for International Settlements.
    6. Gerald Epstein, 2014. "Restructuring finance to promote productive employment," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 161-170, September.
    7. ROTARU, Livia Maria, 2014. "The Financial Crisis – Explaining The Costs," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 187-193.

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