Why Has the U.S. Economy Stagnated since the Great Recession?

The Great Recession: Us Dynamics and Spillovers to the World Economy

The paper aims at assessing the mechanics of the Great Recession, considering both its domestic propagation within the US, as well as its spillovers to advanced and emerging economies. A total of 50 countries has been investigated by means of a large-scale open economy macroeconometric model, providing an accurate assessment of the international macro/finance interface over the whole 1980-2009 ...

Unemployment and the US Housing Market during the Great Recession∗

This paper evaluates the role of unemployment scarring and fear thereof for the recent U.S. housing bust. I study a quantitative lifecycle model of the housing market, which features an income process that is consistent with the large and long-lasting impact of unemployment on future earnings documented in recent empirical work. The model features exogenous moving shocks consistent with survey ...

When will US Employment Recover from the Great Recession?

Strong Employment, Low Inflation: How Has the US Economy Done

Cet article passe en revue les nouvelles économiques favorables aux États-Unis durant les années 90, caractérisées par une croissance économique continue avec un faible taux de chômage et une faible inflation. Cet échange chômage-inflation favorable a été rendue possible, en partie, par de nombreux facteurs qui ont gardé l’inflation des prix faible. De plus, de nombreux changements dans le marc...

The Great Recession and Entrepreneurship

Law, Business, a paper series. RA are intended to latest findings a peer review. The for circulation b and Regulation formally edited o Unless otherwise papers can be q without permissi provided the sou to as a working publications do reflect the opinio clients and spon is a reg art of the RAND nd Regulation w ND working pa share researcher nd to solicit infor y have been ap y RAND Law, Bu but ...