15 posts on "great recession"
May 14, 2012
The Great Moderation, Forecast Uncertainty, and the Great Recession
The Great Recession of 2007-09 was a dramatic macroeconomic event, marked by a severe contraction in economic activity and a significant fall in inflation.
April 16, 2012
Forecasting the Great Recession: DSGE vs. Blue Chip
Dynamic stochastic general equilibrium (DSGE) models have been trashed, bashed, and abused during the Great Recession and after.
March 30, 2012
Just Released: Chairman Bernanke Returns to His Academic Roots, Part 2
his week, Federal Reserve Chairman Ben Bernanke completed his four-lecture series for undergraduate students at the George Washington School of Business in Washington, D.C.
November 25, 2011
The Failure to Forecast the Great Recession
The economics profession has been appropriately criticized for its failure to forecast the large fall in U.S. house prices and its propagation first into an unprecedented financial crisis and subsequently into the Great Recession.
Posted at 6:00 pm in Forecasting, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (30)
April 6, 2011
Temporary Layoffs during the Great Recession
In this post, I show that despite the depth of the Great Recession, U.S. employers did not use temporary layoffs much to cut costs. Just as they did during the previous two recessions, when firms laid workers off, they usually severed ties completely. This prevalence of permanent layoffs during the recession could slow the employment rebound over the coming months. It also raises questions about why the behavior of employers during recessions has changed.
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