…a severe recession. What was different with the third case? The Fed adopted a tight money policy that caused NGDP growth to crash, which in turn sharply raised the W/NGDP…

…of the recession. However, the length of time between recessions does affect both the severity of the recession and how long it lasts. Next week… the relationship between the recessions…

…essentially nowhere to go. Unemployment is ubiquitously high, and the housing market is lousy – can’t sell your home, can’t get a job. This Great Recession dragged net-domestic migration (moving…

by cactus Obama, Bush, and Mankiw: A Look Taxes, Spending, and Bull#@% in the Great Recession This post serves as a quick follow-up to my previous post on real GDP…

by Bruce Webb A couple of commenters here have inquired about how Social Security would fare in a time of extended recession. And the really short answer is ‘not too…

…on average that is what happened in post WW II recession. In other words, mild recessions have weak recoveries and deep recessions have strong recoveries. You can see that in…

…the profit maximization line and then fall back into a recession. But I did not include a graph for the years before the 2001 recession, because it is a special…

…Euro area went into a recession. Did the ECB cause the recession by raising their benchmark nominal rate? Some say yes. I say the story is more complicated than that….

by New Deal democrat The shallow industrial recession is fading in the rear view mirror A year ago the “shallow industrial recession” induced by the strong US$ and imploding oil…

The wage – debt deflation dynamic and the next recession One of the important dynamics why recessions end is that inflation decelerates more than wage growth. Thus, for the 90%…