Found 5 article(s) for author 'Economic recovery'

The Slow Recovery in Output after 2009

The Slow Recovery in Output after 2009. James Stock, 2017, Paper, “The U.S. economy has been expanding slowly since the recession trough in 2009. Though unemployment has declined at about the same rate as in previous recoveries, output has grown much more slowly than in the past. We explore explanations for the shortfall in output growth, using a quantitative decomposition based on growth economics. Two components of the decomposition stand out: slow growth in productivity, and a growing shortfall of labor-force participation relative to its demographic determinants. The slow growth in both components predated the recession. Our analysis gives a full treatment to cyclical effects.Link

Tags: , , , , ,

Recovery is Not Resolution

Recovery is Not Resolution. Carmen Reinhart, August 1, 2017, Opinion, “Earlier this year, the consensus view among economists was that the United States would outstrip its advanced-economy rivals. The expected US growth spurt would be driven by the economic stimulus package described in President Donald Trump’s election campaign. But the most notable positive economic news of 2017 among the developed countries has been coming from Europe.Link

Tags: , , ,

Carmen Reinhart Interview — Policy Measure for Accelerating Financial Recovery

Carmen Reinhart Interview — Policy Measure for Accelerating Financial Recovery. Carmen Reinhart, May 30, 2015, Video. “Carmen Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Previously she was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Professor of Economics and Director of the Center for International Economics at the University of Maryland. She has written and published on a variety of topics in macroeconomics and international finance and trade including: international capital flows, exchange rates, inflation and commodity prices, banking and sovereign debt crises, currency crashes, and contagion. In this video, she talks about policy measures for accelerating the financial recovery…” Link

Tags: , , , ,

Transfer payments and monetary expansion

Transfer payments and monetary expansion. Robert Barro, 2014, Paper. “The economic recovery since the end of the Great Recession in 2009 has been weak in the United States and elsewhere. The average growth rate of U.S. real GDP since 1948 was 3.2 percent per year. In the recession from 2007 Q3 to 2009 Q1, GDP fell by 4.3 percent. But this decline is 9 percent when gauged relative to trend; that is, after factoring in normal growth. To make up for this shortfall, the subsequent recovery has to attain growth rates averaging above 3.2 percent for several years. As an example, the GDP growth rate averaged 4.4 percent per year from 1983 to 1989…” Link

Tags: , , , , , ,