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Crises and the recent recession

Author

Listed:
  • Tatom, John

Abstract

The United States economy has suffered over the past four years from crises in mortgage foreclosures and in financial markets, as well as a long recession that some have referred to as the Great Recession. The links between these events, or more broadly the causes, extent and effects of these developments, are sources of continuing controversy and uncertainty. This paper attempts to disentangle the links between the mortgage foreclosure crisis, the financial crisis, a possible banking crisis and the Great Recession, at least in terms of timing, and also to provide an alternative view to the conventional wisdom, especially for the link of crises to the recession.

Suggested Citation

  • Tatom, John, 2010. "Crises and the recent recession," MPRA Paper 31914, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:31914
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    File URL: https://mpra.ub.uni-muenchen.de/31914/1/MPRA_paper_31914.pdf
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    More about this item

    Keywords

    Foreclosure crisis; banking crisis; financial crisis; recession;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises

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