Gauging the impact of the Great Recession

The Great Recession of 2007–2009, coming on the heels of a spending binge fueled by a housing bubble, so far has resulted in over $7,300 in foregone consumption per person, or about $175 per person per month. The recession has had many costs, including negative impacts on labor and housing markets, and lost government tax revenues. The extensive harm of this episode raises the question of whether policymakers could have done more to avoid the crisis.

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Year of publication:	2011
Authors:	Lansing, Kevin J.
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2011, 21
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Recessions \| Financial crises - United States

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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