Disentangling the Channels of the 2007–09 Recession [with Comments and Discussion]

This paper examines the macroeconomic dynamics of the 2007–09 recession in the United States and the subsequent slow recovery. Using a dynamic factor model with 200 variables, we reach three main conclusions. First, although many of the events of the 2007–09 collapse were unprecedented, their net ef...

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Bibliographic Details
Published in:Brookings papers on economic activity 2012-04, Vol.2012 (1), p.81-156
Main Authors: STOCK, JAMES H., WATSON, MARK W., BLINDER, ALAN S., SIMS, CHRISTOPHER A.
Format: Article
Language:English
Subjects:
2007-2009
Economic conditions
Economic models
Economic recessions
Economic recovery
Economic trends
Economic uncertainty
Employment
Gross domestic product
Labor
Macroeconomic modeling
Macroeconomics
Monetary policy
United States
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