…of the recession, it’s a good time to look back and ask how policymakers could have improved their response to the downturn. What can we learn from this recession? How…

…the aggregate economy cannot afford a compensationless recovery. From the NY Times: But since this recent recession began in December 2007, real average hourly pay has risen nearly 5 percent….

…growth. The chart below illustrates the recession and recovery path of consumer confidence since 1973. The 2007-2009 recovery in confidence – I mark the technical end of the recession at…

…We would not be able to sell new debt at a cost we could afford. These conditions would certainly cause a severe recession (or worse). In my opinion a failure…

…Recession Bites Into Social Security’s Surplus We have all been so busy whining about bonuses at American International Group Inc. and arguing about the so-called card- check legislation that we…

…the 1929-33 recession as Powell would have you believe. It was more like the 1974 or the 1981-82 recessions. But the way Powell wrote his article you would be hard…

Brad DeLong suggested a bit before the U.S. election that there was virtually no non-political reason for NBER not to admit the United States was in a recession.* A little…

From the Washington Post: Recession’s pain reaching deep into the economic recovery–The buying power of Americans continues to be weaker than it was when the recession ended four years ago,…

…we go deeper and deeper into this recession, a recession that many prominent economists—Krugman, among them—claim will be worse than most of us have ever experience, worse than anything since…

…is seeing something in what I say. Some say that raising the Fed rate would kill the economy and cause a recession. Well, Volcker raised the Fed rate to kill…