The 2007 crisis and countercyclical policy

Joan O'Connell

Studies in Economics and Finance, 2010, vol. 27, issue 2, 148-160

Abstract: Purpose - The purpose of the paper is to outline the global financial and economic crisis that began in 2007, together with the macroeconomic policy changes that were put in place as a result. Design/methodology/approach - The content is partly descriptive and partly analytical. Findings - The paper sets out the history of the financial and economic crisis to date. Originality/value - This is determined by the subject matter, and consists mainly in the manner in which the material is presented.

Keywords: Housing; Credit institutions; Recession; Economic cycles; World economy; United States of America (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eme:sefpps:v:27:y:2010:i:2:p:148-160

DOI: 10.1108/10867371011048634

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