Great Recession

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Overview

Background: the great moderation

The economy

[1]


The Great Moderation

The financial system=

Household debt

The housing market

Downturn and recovery

Commmodity prices

The subprime mortgage crisis

The crash of 2008

=The recession of 2009

Recovery and aftermath

Diagnosis,treatments and remedies

References

  1. ↑ Ben Bernanke: The Great Moderation", lecture to Eastern Economic Association, February 20, 2004
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