Speech

Post-traumatic slack syndrome and the economic outlook (with thanks to Finn Kydland, Dolly Parton and John Kenneth Galbraith)

Abstract: \"I envision an output path going forward from here that looks something like a check mark, with the Johnny Mercer effect giving us a near-term snapback from the short, intense downstroke, followed by a transition to a long period of slower growth corresponding to the elongated side of the mark.\" ; Remarks at the Laboratory for Aggregate Economics and Finance, University of California, Santa Barbara, September 3, 2009.

Keywords: Financial crises; economic conditions - United States;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2009

Number: 7