Lessons From the ‘Great Recession’ for Both Theory and Economic Policy

Philip Arestis and Elias Karakitsos
Additional contact information
Elias Karakitsos: Global Economic Research LLC

Chapter 8 in Financial Stability in the Aftermath of the ‘Great Recession’, 2013, pp 164-192 from Palgrave Macmillan

Abstract: Abstract The analysis so far in the book has suggested a number of causes of the ‘great recession’ with leverage and excessive liquidity being at the core. In this chapter we review the economic policy response to the credit crisis and subsequent events that produced the ‘great recession’, and assess its short- and long-term impact. We also analyse the consequences of the crisis, drawing a distinction between the economy and asset prices.

Keywords: Interest Rate; Monetary Policy; Central Bank; House Price; Asset Price (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33396-4_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137333964

DOI: 10.1057/9781137333964_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().