The Cause of the Great Recession : In Pursuit of an Alternative Explanation

The prevailing narrative about the Great Recession is that it was caused by a financial crisis. This paper refutes that explanation and offers an alternative, namely that issuance of bad government debt played a key role in escalating a regular recession to an economic crisis

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Year of publication:	2015
Authors:	Larson, Sven R.
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Wirtschaftskrise \| Economic crisis \| Konjunktur \| Business cycle \| Finanzkrise \| Financial crisis \| Welt \| World

Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 14, 2015 erstellt
Other identifiers:	10.2139/ssrn.2674293 [DOI]
Classification:	E32 - Business Fluctuations; Cycles ; E44 - Financial Markets and the Macroeconomy ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; E65 - Studies of Particular Policy Episodes ; H50 - National Government Expenditures and Related Policies. General ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013013714