What Caused the Great Recession?

Stefan Homburg

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

Abstract: This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.

Keywords: Financial crisis; Great Recession; wealth effect; credit crunch; money demand; central bank (search for similar items in EconPapers)
JEL-codes: E3 E4 G1 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-09, Revised 2015-06
New Economics Papers: this item is included in nep-ban, nep-ger, nep-mac and nep-mon
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http://diskussionspapiere.wiwi.uni-hannover.de/pdf_bib/dp-536.pdf (application/pdf)

Related works:
Journal Article: What Caused the Great Recession? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:han:dpaper:dp-536

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