How Big a Hangover from the Stock and Housing Benders?

Steven Lanza

The Connecticut Economy, 2009, issue Summer

Abstract: Collapsing housing and stock market wealth has reduced households’ willingness to consume and businesses’ motivation to invest, in the process spawning the worst recession since the Great Depression. But the twin disasters may not affect all states equally. The evidence suggests that the implosion of home prices will have a smaller effect than average on Connecticut’s economy, but the impact of evaporating equity values will be disproportionately large here.

JEL-codes: J64 (search for similar items in EconPapers)
Date: 2009
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