Not All Bursting Market Bubbles Have the Same Recessionary Effect

Abstract: The popped IT bubble ushered in an eight-month recession in 2001. The burst housing bubble resulted in the Great Recession (2007-09). Why the difference?

Keywords: market bubbles; recessions;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2021-02-15