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来源类型Working Paper
规范类型报告
DOI10.3386/w15404
来源IDWorking Paper 15404
Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
Ravi Jagannathan; Mudit Kapoor; Ernst Schaumburg
发表日期2009-10-08
出版年2009
语种英语
摘要Globalization has made it possible for labor in developing countries to augment labor in the developed world, without having to relocate, in ways not thought possible only a few decades ago. We argue that this large increase in the developed world's effective labor supply, triggered by geo-political events and technological innovations, coupled with the inability of existing institutions in the US and developing nations themselves to cope with this shock set the stage for the great recession. The financial crisis in the US was but the first acute symptom.
主题Macroeconomics ; Consumption and Investment ; Business Cycles ; Financial Economics ; Financial Institutions
URLhttps://www.nber.org/papers/w15404
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573080
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Ravi Jagannathan,Mudit Kapoor,Ernst Schaumburg. Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!. 2009.
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