What Explains the 2007-2009 Drop in Employment?

By Atif R. Mian, Amir Sufi. 2014

201 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/cb80b15399170a2e1502ead12d9b4e8220f49139

Citations in the corpus

• Climate Change and Corporate Cash Holdings: Global Evidence (2020, unknown): “The next three tests include a placebo test, the Oster (2019) test for omitted variable bias and entropy balancing proposed by Hainmueller (2012).”
• The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration (2017, unknown): “The evidence suggests that the recalibration helped upgraded counties to mitigate the large decline in employment during the 2007-2009 Great Recession (Mian and Sufi (2014)), and non-upgraded counties caught up some time after the recession.”
• How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels (2020, unknown): “The focus on household debt is motivated by the extensive body of research showing a robust correlation between a rise in household debt and subsequently lower growth (e.g., Glick and Lansing (2010), IMF (2012), King (1994), Mian and Sufi (2014a), Mian et al. (2017)).”
• Household Debt: Facts, Puzzles, Theories, and Policies (2015, unknown): “Interactions between the mortgage market and housing market have of course been linked to the Great Recession, as summarized ably elsewhere (Mian and Sufi 2014b).”
• Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005 (2017, unknown): “This point is emphasized in Mian and Sufi (2014a): Let’s recall that households in the United States doubled their debt burden to $14 trillion from 2000 to 2007.”
• Housing, Finance and the Macroeconomy (2014, unknown): “4Examples are Mian and Sufi (2009, 2011, 2012, 2014), Mian, Rao, and Sufi (2013), and Mian, Sufi, and Trebbi (2010, 2014) and the references therein.”
• Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “These findings indicate that the welfare effects of information in baseline RBC and New-Keynesian models are closely connected to more familiar normative properties of RBC and New-Keynesian models, and have little, if anything, to do with the mechanism in Morris and Shin (2002b). That said, Morris a”
• Financial Integration, Housing and Economic Volatility (2015, unknown): “The length and depth of the recession is partly attributed to the slow recovery from the housing bust and the associated consumer-debt overhang (Mian and Sufi, 2014).”