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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15404 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w15404 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573080 |
推荐引用方式 GB/T 7714 | Ravi Jagannathan,Mudit Kapoor,Ernst Schaumburg. Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!. 2009. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15404.pdf(735KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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