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Keywords:Recessions 

Speech
The road to recovery: Hudson Valley

Remarks at the State University of New York at New Paltz, New Paltz, New York.
Speech , Paper 57

Working Paper
Recessions and recoveries in real business cycle models: do real business cycle models generate cyclical behavior?

Working Papers , Paper 9322

Speech
The Great Recession

Presented on September 10, 2010 at Bentley University to the Financial Planning Association of Massachusetts.
Speech , Paper 41

Journal Article
Economic hangover: recovery is likely to be prolonged, painful

It's time to pay the piper for our freewheeling spending of the past decade. Although some scenarios for the future economy provide reason to hope, the recovery is likely to be slow and volatile.
The Regional Economist , Issue Apr , Pages 4-9

Journal Article
What's different about this recovery?

EconSouth , Volume 5 , Issue Q1 , Pages 1

Journal Article
Beyond the border: Japan's economy still looks recessionary

Southwest Economy , Issue Jul , Pages 9-10

Journal Article
Banking industry consolidation and market structure: impact of the financial crisis and recession

The number of U.S. commercial banks and savings institutions declined by 12 percent between December 31, 2006, and December 31, 2010, continuing a consolidation trend begun in the mid-1980s. Banking industry consolidation has been marked by sharply higher shares of deposits held by the largest banks?the 10 largest banks now hold nearly 50 percent of total U.S. deposits. However, antitrust policy is predicated on the assumption that banking markets are local in nature, and enforcement has focused on preventing bank mergers from increasing the concentration of local banking markets. The author ...
Review , Volume 93 , Issue Nov , Pages 419-438

Discussion Paper
Shifting confidence in homeownership: the Great Recession

The authors study the responses to several questions related to real estate that were added to the Michigan Survey of Consumers in July and August 2011. In particular, they asked about attitudes toward renting versus buying a home, about commuting, and about how much to spend on a mortgage. By matching the results to data (at the ZIP-code level) about relative house price declines during the recent crisis, they can study the relationship between the U.S. housing crash and the attitudes of individual consumers. They find that younger respondents are relatively less confident about ...
Public Policy Discussion Paper , Paper 12-4

Speech
The U.S. economic outlook

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.
Speech , Paper 20

Journal Article
The diverse impacts of the great recession

The Great Recession had a large negative impact on the U.S. economy. Asset prices, most notably stock and house prices, declined substantially, resulting in a loss in wealth for many American households. In this article, Makoto Nakajima documents how diverse households were affected in a variety of dimensions during the Great Recession, in particular between 2007 and 2009, using newly available data from the 2007-2009 Survey of Consumer Finances. He discusses why it is important to look at the data on households, rather than focusing on the aggregate data, and he reviews some recent studies ...
Business Review , Issue Q2 , Pages 17-29

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