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A historical perspective on the 1989-92 slow growth period


  • David Brauer


This article compares the 1990-91 recession and the surrounding period of unusually sluggish growth with earlier recessionary episodes. Using a variety of indicators, the author assesses the relative severity of the latest recession and identifies features that distinguish this period from its predecessors. He also gauges the economy's recent performance by tracking the deviation of real GDP from various estimates of its potential level.

Suggested Citation

  • David Brauer, 1993. "A historical perspective on the 1989-92 slow growth period," Quarterly Review, Federal Reserve Bank of New York, issue Sum, pages 1-14.
  • Handle: RePEc:fip:fednqr:y:1993:i:sum:p:1-14:n:v.18no.2

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    Cited by:

    1. Jonathan McCarthy & Charles Steindel, 1996. "The relative importance of national and regional factors in the New York Metropolitan economy," Research Paper 9621, Federal Reserve Bank of New York.


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