The widespread distress caused by an economic downturn, such as the recent Great Recession, lingers long after economic indicators begin to recover, but it can also be the impetus for key structural reforms.
What will the unemployment rate be in 2013? Even if you were certain how much the U.S. economy (gross domestic product, or GDP) would grow over the next year or two, it would still be difficult to forecast the unemployment rate over that period.
In 1910, Bankers Magazine announced that the American Institute of Banking would give prizes of $100 and $50 for the two best essays on central banking.
The euro area sovereign debt crisis sparked an outflow of bank deposits from countries in the periphery to commercial banks in Germany and other core countries.
Economists tend to assume that frictions that limit trading in financial markets reduce liquidity and lower investor welfare.
The recent financial crisis—the worst in eighty years—had its origins in the enormous increase and subsequent collapse in housing prices during the 2000s.
In 1940, the Census Bureau produced two short films trumpeting the general census that year and the first-ever census of housing.