Understanding the Great Recession
By T. Palley, A. Shaikh, J. Madrick. 2011
168 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/b82dde41037a92f93d29a4043b301a39eeeebbe3
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Citations in the corpus
- Inequality, the Great Recession, and Slow Recovery (2014, unknown): “Palley (2013a) and Setterfield (2013) consider the macroeconomic consequences of a persistent deviation of wage growth from productivity growth.”
- The Aggregate Implications of Regional Business Cycles (2019, unknown): “http://www.econometricsociety.org/ Econometrica, Vol. 87, No. 6 (November, 2019), 1789–1833”
- Inflation Dynamics During the Financial Crisis (2015, unknown): “E-mail: egon.zakrajsek@frb.gov”
- On the Structural Interpretation of the Smets-Wouters 'Risk Premium' Shock (2015, background): “Barsky et al. (2014)’s and Christiano et al. (2014)’s findings interpreted through the lens of this article’s framework means that money demand shocks account for a significant fraction of the post-crisis variation in aggregate data.”
- Escaping the Great Recession (2017, unknown): “This speci cation is in the spirit of Christiano et al. (2011). However, in the current setup shocks to preferences that are able to trigger the zero lower bound are assumed to be recurrent, and agents take into account that these episodes can lead to unusual policymakersresponses, as discussed lat”
- Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties (2018, background): “In contrast, Christiano, Eichenbaum, and Trabandt (2015) and Beraja, Hurst, and Ospina (2015) calibrate models that show supply-side shocks, such as financial frictions, best account for the growth pattern.”
- Growth, Slowdowns, and Recoveries (2019, unknown): “Christiano, Eichenbaum, and Trabandt (2014) show how interactions of financial frictions with a zero lower bound constraint on nominal interest rates in a DSGE framework can help explain the dynamics of macroeconomic aggregates during the Great Recession.”